Nvidia Shares Tumble as Board Weighs Future of Chief Executive

By EC Assets · Published 12 November 2026

Technology contracts and equity futures dropped sharply following reports that Nvidia's board is weighing the removal of Chief Executive Officer Jensen Huang. The semiconductor company's shares sank 8% in after-hours trading Wednesday evening, weighing directly on the Nasdaq-100 index and dragging down shares of other chipmakers. The board meeting convened to determine Huang's position at the firm stretched into the evening, sparking concern across financial markets. The leadership crisis at the chipmaker overshadowed a strong outlook from CoreWeave, leading to broader declines across major index futures. Nvidia's board prepared to meet to evaluate Huang's future as chief executive amid an unfolding crisis. The decline in Nvidia shares weighed heavily on Wall Street futures, while Treasury yields bobbed at 5%. The development has drawn attention to creative financing deals and supply chain relationships across the artificial intelligence sector. Huang has fueled both Nvidia and the broader AI ecosystem with advanced semiconductor chips and financing arrangements. Questions surrounding his potential exit center on the risk of fraying bonds between interconnected AI businesses. A scandal has also involved Singaporean company Megaspeed, which issued its first public statement on Thursday since the matter surfaced. The wider affair has additionally drawn attention to China's Ministry of State Security. The selloff in index futures followed earlier downward pressure on United States equities, where all three stock benchmarks previously surrendered about a sixth of Monday's rebound after a hot October Consumer Price Index report and discussions surrounding a half-point Federal Reserve interest rate hike. Market participants await the formal outcome of Nvidia's board meeting regarding Huang's position and any subsequent corporate announcement detailing the company's executive leadership. This article is intended for informational purposes only. It does not constitute investment advice.