{
  "id": 19619946,
  "title": "Nvidia shares fall on reports board may oust CEO Jensen Huang",
  "url": "https://urgent.news/2026/11/12/nvidia-shares-fall-on-reports-board-may-oust-ceo-jensen-huang",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T07:51:37.000Z",
  "source": {
    "name": "Euronews",
    "slug": "euronews",
    "url": "https://www.euronews.com/2026/11/12/nvidia-shares-fall-on-reports-board-may-oust-ceo-jensen-huang"
  },
  "original_language": "en",
  "account": "Nvidia shares experienced a significant drop of over 8% in after-hours trading on Wednesday following reports from The Wall Street Journal that the company's board planned to remove CEO Jensen Huang. Earlier in regular US trading, the shares had surged 2.9% to reach $173.73. The board convened a meeting that evening to deliberate on whether to oust Huang, according to a Reuters source with insider knowledge.\n\nJensen Huang, the co-founder of Nvidia in 1993, has become synonymous with the company. The dominance of Nvidia's chips in training AI models has established the firm as a symbol of the AI boom. A leadership change could have far-reaching implications across the industry.\n\nOn Sunday, the Nvidia board announced an independent investigation following claims that Huang had been targeted by a foreign intelligence operation. The board stated it found no evidence of company secrets or US national security being compromised, and expressed confidence in Huang's leadership. Huang himself has admitted to an extramarital affair, with Reuters reporting that the involved woman was suspected of spying for China.\n\nSeparately, The New York Times disclosed on Wednesday, citing five former Nvidia employees, that Huang was also implicated in a second extramarital affair, involving the company's vice president of healthcare, Kimberly Powell. Asian stock markets reacted negatively to the Wall Street rally, with Taiwan's Taiex down 2.6%, Hong Kong's Hang Seng falling 1.2%, Japan's Nikkei 225 slipping 0.7%, the Shanghai Composite decreasing 0.6%, South Korea's Kospi losing 0.2%, and Australia's S&P/ASX 200 edging down almost 0.1%.\n\nEuropean stock futures experienced a slight rise ahead of Thursday's opening, with DAX and FTSE 100 futures both up 0.7%. The Nvidia share price slide negatively impacted US futures. On Wall Street, the Nasdaq Composite rose 1.6%, the S&P 500 increased 1.3%, and the Dow Jones Industrial Average climbed 0.5%. CoreWeave, a company offering AI chip rentals via its cloud platform, surged 24.7% after reporting a smaller quarterly loss than initially anticipated. The US bond market was closed for Veterans Day.\n\nThe AI stock rally continued following last week's sell-off, driven by the Democratic victory in Congress, which raised concerns about stricter regulation. Investors are also evaluating whether the demand for AI will generate sufficient profit to justify the industry's substantial expenditure.\n\nCrude oil prices saw a modest increase, with benchmark US crude up by 0.3% to $86.80 a barrel, and Brent crude, the international standard, rising 0.5% to $93.21 a barrel. Brent has fluctuated between $72 and $120 since the Iran conflict drove prices higher. In currency markets, the dollar edged down to ¥159.78 from ¥159.79, while the euro slipped to $1.1080 from $1.1091.",
  "summary": "Nvidia shares fell more than 8% in after-hours trading on Wednesday after reports that its board was weighing whether to oust CEO Jensen Huang. Asian shares mostly fell on Thursday, and US stock futures edged lower.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "ABC News (US)",
        "title": "Nvidia board reportedly preparing to oust CEO Jensen Huang after alleged affairs",
        "url": "https://urgent.news/2026/11/12/nvidia-board-reportedly-preparing-to-oust-ceo-jensen-huang-after",
        "published": "2026-11-12T02:42:23.000Z"
      },
      {
        "outlet": "NDTV",
        "title": "\"An Honour\": Elon Musk On Hiring Jensen Huang As His Future At Nvidia Hangs In Limbo",
        "url": "https://urgent.news/2026/11/12/an-honour-elon-musk-on-hiring-jensen-huang-as-his-future-at-nvidia",
        "published": "2026-11-12T03:45:32.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Nvidia Board Considers Jensen Huang's Future As CEO Amid Mounting Scandals, With Potential Fallout For US Economic And Technological Leadership",
        "url": "https://urgent.news/2026/11/12/nvidia-board-considers-jensen-huangs-future-as-ceo-amid-mounting",
        "published": "2026-11-12T04:18:39.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Family pull, internal hires or tech CEO swap: 7 possible replacements surface as Nvidia board considers ousting CEO Jensen Huang",
        "url": "https://urgent.news/2026/11/12/family-pull-internal-hires-or-tech-ceo-swap-7-possible-replacements",
        "published": "2026-11-12T06:20:39.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}