Nvidia’s stock dives as chipmaker’s board weighs move to oust CEO Jensen Huang

Updated on: November 11, 2026 / 7:04 PM EST / CBS News

Nvidia's stock price tumbled after the close of trading on Wednesday on news that the chipmaker's board of directors is preparing to oust longtime CEO Jensen Huang.

Nvidia this week launched an investigation into Huang, who admitted to having an extramarital affair. U.S. intelligence agencies have linked the CEO to a Chinese business executive, Alice Huang (no relation), who is suspected of being an asset of China's Ministry of State Security.

The Trump administration is aware of the matter, sources told CBS News. The Wall Street Journal was first to report on the Nvidia board's plan to remove Huang.

Nvidia shares fell more than 8%, to $159.51, in after-hours trading. The drop continued a steep decline in the company's market value, which has sunk more than $450 billion since Nvidia announced the probe into Jensen Huang's conduct on Nov. 8.

Jensen Huang, who co-founded Nvidia in 1993, is seen in many circles as the face of the burgeoning artificial intelligence sector, with the company's advanced chips providing the critical computing resources that power frontier AI models.

Huang's exit would be a major blow for Nvidia, which lacks any…

Original source: https://www.cbsnews.com/entertainment/