Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang

In Brief Posted: 3:28 PM PST · November 11, 2026 Amanda Silberling Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang Nvidia is reportedly planning to oust its co-founder and CEO Jensen Huang, who has led the company for the last 33 years, the Wall Street Journal reports . Sources told the newspaper that the Nvidia board is meeting as soon as Wednesday to determine Huang’s future at the company. On Sunday, Huang admitted to having an extramarital affair with a woman purported by U.S. intelligence to be a Chinese spy. On Wednesday evening, the New York Times reported that Huang also had an affair with an executive who reports to him. Nvidia has become one of the most valuable companies in the world as it designs the chips that power the AI boom, but in the midst of Huang’s ongoing scandal , Nvidia stock fell about 8% in after hours trading on Wednesday. The stock is down about 11% in the past five days. Huang famously delegates very little and has about 60 direct reports, he has said . The company also has not had an obvious successor or a succession plan. Topics AI , In Brief , Jensen Huang , nvidia 2027 San Francisco Get an Early Peek at the Next TechCrunch Disrupt Disrupt, Startup Battlefield, and more will return next year, and you can be at the front of the line. Sign up for our waitlist Register Now Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related AI The unfolding Jensen Huang scandal: a timeline Amanda Silberling 4 minutes ago AI Is Jensen Huang’s bad behavior more commonplace than it seems? Russell Brandom 8 hours ago AI Nvidia’s crisis has corporate governance experts reaching for the popcorn Connie Loizos 16 hours ago Latest in AI AI The unfolding Jensen Huang scandal: a timeline Amanda Silberling 4 minutes ago In Brief Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang Amanda Silberling 25 minutes ago In Brief Jensen Huang accused of having another affair — with a Nvidia exec Lucas Ropek 37 minutes ago