Nvidia shares dive after report that board preparing to oust Jensen Huang
According to reporting by CBS MoneyWatch, Nvidia shares fall sharply in after-hours trading after The Wall Street Journal reports the company's board plans to remove Jensen Huang as CEO
Nvidia shares dive after report that board preparing to oust Jensen Huang: Official reporting from the CBS MoneyWatch confirms active developments in United States. Americans in affected communities should review primary guidance and follow verified bulletins.
“Nvidia shares dive after report that board preparing to oust Jensen Huang: Official reporting from the CBS MoneyWatch confirms active developments in United States. Americans in affected communities should review primary guidance and follow verified bulletins.”
Key Verified Points
- •Official Issuing Wire: CBS MoneyWatch
- •Editorial Desk: US Markets
- •Coverage Domain: BUSINESS
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CBS MoneyWatch, Nvidia shares fall sharply in after-hours trading after The Wall Street Journal reports the company's board plans to remove Jensen Huang as CEO
Detailed Factual Report
Nvidia's stock price tumbled after the close of trading on Wednesday, following a Wall Street Journal report that the chipmaker's board of directors is preparing to oust longtime CEO Jensen Huang .
Nvidia this week launched an investigation into Huang, who admitted to having an extramarital affair . U.S. intelligence agencies have linked the CEO to a Chinese business executive, Alice Huang (no relation), who is suspected of being an asset of China's Ministry of State Security.
Nvidia shares fell more than 8%, to $159.51, in after-hours trading following the Journal's report. The drop continued a steep decline in the company's market value, which has sunk more than $450 billion since Nvidia announced the probe into Jensen Huang's conduct on Nov. 8.
Jensen Huang, who co-founded Nvidia in 1993, is seen in many circles as the face of the burgeoning artificial intelligence sector, with the company's advanced chips helping to provide the critical computing resources to power frontier AI models.
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Source & Verification Provenance
Information in this article was compiled directly from records provided by CBS MoneyWatch. Access the primary source document at: https://www.cbsnews.com/news/nvidia-stock-dives-report-board-prepares-oust-jensen-huang/. Reporting and editorial review conducted by the USA NOW News Desk.
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This bulletin was officially published by CBS MoneyWatch on 11/11/2026.
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