Nvidia shares experienced a sharp decline of approximately 8% in after-hours trading on Wednesday, November 11, 2026, following reports that the company's board is deliberating the future of CEO Jensen Huang. The market movement arrived shortly after the regular trading session concluded, during which Nvidia stock had gained 2.9%.
According to a report by The Wall Street Journal, the board of directors may meet to address allegations concerning Huang’s personal conduct, including reports of extramarital relationships. One of the allegations mentioned in the report involves an individual suspected of having links to Chinese intelligence. It is important to note that these accounts describe board preparations and deliberations, not a finalized leadership transition or proven criminal findings regarding espionage.
Additional reports from The New York Times have cited claims of a separate extramarital relationship involving an Nvidia executive under Huang's direct supervision. As of November 12, 2026, Nvidia has not issued a formal confirmation of any leadership changes or public statements detailing the board's findings. The situation remains a matter of ongoing board review.
The after-hours volatility stood in contrast to a positive Wednesday session for the broader U.S. market. Supported by strong earnings from CoreWeave—which saw its shares rise 25%—technology stocks had previously helped lift the Nasdaq Composite by 400.31 points and the Dow by 254.60 points. This initial optimism was tempered in the evening by Nvidia’s selloff, which caused Nasdaq-100 futures to decline by approximately 0.9%.
While the regular session's gains remain on the books, market analysts are closely monitoring how the uncertainty surrounding the company’s leadership will influence the tech sector moving forward. Investors are currently awaiting official communication from Nvidia regarding the board's position on the matter.
Source: Eurasia Business News
