WSJ Says Nvidia Is Preparing to Oust Jensen Huang Over Alleged Affairs; Here’s How Much 2,000 Shares Have Lost Over the Last Month Lee Jackson Thu, November 12, 2026 at 7:47 AM EST 5 min read NVDA -7.66% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
NVIDIA (NVDA) shares tumbled 8% after hours after the WSJ reported the board is preparing to remove CEO Jensen Huang over alleged affairs.
A 2,000-share position lost about $134,000, or 30%, since October 12, though most of the drop came before the Journal story.
Polymarket traders see roughly 48% odds that Huang's resignation or removal is announced by November 30, as NVIDIA's November 17 earnings call looms.
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The Wall Street Journal reported late on November 11, 2026, citing people familiar with the matter, that NVIDIA (NASDAQ: NVDA) is preparing to remove co-founder and CEO Jensen Huang after reports of alleged extramarital affairs. Reuters reported that the board met on November 11 to decide his future. By early November 12, NVIDIA had issued no press release, statement, or SEC filing on the report.
The stock fell 8.14% in after-hours trading on November 11, reaching $159.51. In premarket trading on November 12, it traded at $163.58, down 5.84% from the $173.73 close.
Nothing about a removal has been confirmed. Company records still list Huang as CEO. The Financial Times reported that the board was set to meet after revelations of an alleged affair with a top company executive, and Business Insider described it as a second affair (per those outlets). Reuters noted that NVIDIA's bylaws allow Huang's removal "with or without cause" by a majority vote of directors, and that the board has 11 directors, all independent except Huang. As recently as November 8, the board had said it had confidence in him. No vote outcome, replacement, severance terms, or board-seat decision has been disclosed.
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A 2,000-share position was worth $452,640 at the October 12 close of $226.32. At the after-hours price on November 11, it was worth $319,020. That is a loss of $133,620, or 29.52%.
Most of that drop happened before the Journal story. The stock had already slid to $173.73 by the November 11 close. Reuters tied the earlier selling to a board investigation of Huang's relationship with a businesswoman whom U.S. intelligence was reportedly probing over chip shipments to China. Lawmakers also began pushing for tighter export controls, which are government limits on selling chips abroad.
The business outlook looks the same. NVIDIA reported $96 billion in Q2 revenue and guided Q3 to $108.0 billion, plus or minus 2%.
Losing a founder is a real risk. Investors call this key-person risk: the danger that one leader drives a big share of a company's value. Huang has been the face of NVIDIA's partnerships with hyperscalers (the largest cloud providers) and AI labs. In August, he called NVIDIA "the only company in the world that creates, builds, and offers an entire AI factory platform." One portfolio manager told Reuters, "The market is starting to price Nvidia without its founder as the likely outcome." Her firm, Minotaur Capital, owns NVIDIA shares.
On Polymarket, traders priced a 0.475 probability that Huang's resignation or removal is announced by November 30. With a market cap of $4,195,058,310,000, NVIDIA is one of the largest holdings in market-cap-weighted index funds. Investors who own it only through an S&P 500 or Nasdaq-100 fund are exposed too.
Largely, yes. The selloff reflects questions about governance. Demand remains strong: in August, Huang said demand was "much higher" than supply. If the board acts quickly and decisively, it addresses a credibility problem and preserves the business case.
The first test is whether NVIDIA files an 8-K under Item 5.02, the section companies use to disclose executive changes. The bigger test is the earnings call scheduled for November 17. If revenue lands inside the $108.0 billion guidance range and the stock holds above $159.51, the discount is about governance. If the stock closes below that level after the report, it would show the market questions the business itself.
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