Nvidia Falls Over 7% in Premarket After Report That Its Board Is Weighing CEO Jensen Huang's Future

Nvidia shares fell 7.18%, or $12.48, to $161.25 in premarket trading on Thursday 12 November 2026 as of 09:30 GMT (13:00 Tehran), from a previous close of $173.73. Anadolu reports the drop followed a Wall Street Journal report that the board was preparing to meet to determine the future of co-founder and CEO Jensen Huang. Al Jazeera added that the stock had already fallen 8.6% in after-hours trading on Wednesday; the company is valued at about $4.2 trillion.

The reports trace back to allegations of two extramarital relationships by Huang, one with an employee and one with a woman whom US intelligence officials suspect of working for China. The Wall Street Journal report did not establish that a decision to remove him had been made. The board announced an independent investigation on Sunday 8 November (17 Aban), said it had no reason to believe US national security or company secrets had been compromised, and expressed confidence in Huang and his leadership team; on Tuesday 10 November (19 Aban) it retained a former acting US attorney and a law firm to conduct the review. China, Al Jazeera reports, has called the espionage claims fabricated.

Near the close of Asian trading on Thursday, shares of Nvidia suppliers fell, Anadolu writes: TSMC by 1.3% and Foxconn by 4.7%.