Nvidia Board Preparing to Oust CEO Jensen Huang, WSJ Reports; Stock Falls 8% After Hours
NVDA is trading near its 52-week low of $164.27 (2.9% below the low) on elevated volume (2.4× avg).
Summary
Nvidia's board is preparing to remove CEO Jensen Huang after two extramarital affairs, one with a suspected Chinese spy, and will meet Wednesday to decide whether to oust him, a source says. The stock fell 8% after the bell on the report, erasing a 2.9% regular-session gain. Huang is the architect of Nvidia's AI buildout — Q2 FY27 revenue doubled year-over-year to $96.2B with Data Center up 117% — so a leadership vacuum at the top is a thesis-level risk for a $4T-plus company. The same session, CoreWeave closed up 24.7% after guiding to profitability in 2028, which had lifted tech broadly (S&P 500 tech +2.7%) before the Nvidia news broke. Watch for board confirmation or denial and any 8-K; the China-spy angle also raises export-control and national-security exposure on top of the succession question.
At the time of this announcement, NVDA was trading at $159.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 10 out of 10. Source: Reuters.