Nvidia stock falls more than 8% after hours as board weighs Jensen Huang’s future
Nvidia shares fell more than 8% in after-hours trading on November 11 as reports said the company’s board was considering CEO Jensen Huang’s future. The drop followed a regular trading session in which the stock closed at $173.73.
The Wall Street Journal reported that Nvidia’s board was preparing to remove its co-founder as CEO. A source familiar with the matter separately told Reuters that the board was meeting to decide whether to oust him.
Those are reports about a possible leadership change, not an announcement that Huang has departed. Reuters said Nvidia did not immediately respond to its request for comment on the meeting.
Jensen Huang at Nvidia’s GTC Berlin keynote in October 2026. Image: NVIDIA
The after-hours drop erased the day’s gains
Nvidia’s shares had finished the November 11 regular session at $173.73, up roughly 2.9% on the day. The later sell-off reversed that gain: Google Finance showed the stock at $158.78 after hours, down 8.61% from the closing price.
That is a snapshot of extended trading, not the next regular-session closing price. Shares can move outside the main session, and after-hours prices can change before the market opens again.
The reported board discussions add uncertainty at a company whose graphics processors have become central to the buildout of AI data centres. Huang co-founded Nvidia in 1993 and has led the company through its expansion from PC graphics into chips and systems for AI workloads.
Nvidia’s GTC Berlin keynote in October 2026. Image: NVIDIA
What Nvidia has said about the investigation
On November 8, Nvidia’s board announced an independent investigation into reports that Huang had been the target of a foreign intelligence effort. The board said at the time it had no reason to believe national security or Nvidia secrets had been compromised, and expressed confidence in his leadership.
The investigation followed reports about Huang’s relationship with a business executive whom US officials suspected of ties to Chinese intelligence, according to Reuters. Those suspicions are allegations; the board’s statement said it had no reason to believe national security or company secrets were compromised.
In a separate message to employees, Huang acknowledged that he had been unfaithful to his wife, apologised and said he would cooperate with the review. On November 10, Nvidia’s independent directors said they had retained Joon H. Kim and the law firm Wachtell, Lipton, Rosen & Katz to conduct the inquiry. Our earlier coverage explains what Nvidia and Huang said when it began.
The board’s November 8 statement predates the latest reports about Huang’s position. It should not be read as a response to those reports, and the investigation itself is not a finding that secrets were disclosed.
No leadership change has been announced
A reported board meeting is not the same thing as a completed vote or a confirmed resignation. Reuters attributed the meeting to a person familiar with the matter; the Journal attributed its report to people familiar with the matter.
The after-hours decline followed the reports, while the outcome of the board’s discussions remains uncertain.
