Nvidia Stock Drops After Hours on Report Board May Oust CEO

Nvidia (NVDA) shares fell sharply in after-hours trading on Wednesday, November 11, 2026, after The Wall Street Journal reported that the chipmaker's board is preparing to oust Chief Executive Jensen Huang, citing people familiar with the matter, according to Reuters. Reuters said it could not immediately verify the reports, and Nvidia did not immediately respond to requests for comment.

The stock was down 8.09% after hours as of 6:05 p.m. ET, according to Stock Titan. Earlier, in the regular session, Nvidia had closed up 2.87% at $173.73.

What has been reported

• The Wall Street Journal reported that the board could meet as soon as Wednesday to decide Huang's future, according to Reuters.
• The New York Times reported, citing five people who worked at the company, that Huang had a relationship with another Nvidia executive, Reuters said. Asked about it by phone, Huang told the Times, "I don't think you should be talking to me directly," according to Reuters.

These are media reports. Neither Nvidia nor its board had confirmed them as of Wednesday evening.

What Nvidia has said

On Sunday, November 8, Huang told employees in a memo that he had been unfaithful to his wife, according to Yahoo Finance, which quoted the memo. Reuters reported that the board then opened an investigation, overseen by independent directors with outside counsel, into whether Huang had been targeted by a foreign intelligence operation. Yahoo Finance quoted the board as saying it had "no reason to believe that either national security or Nvidia secrets were compromised."

The stock this week

Reuters said Nvidia had lost about $600 billion in market value this week since the board announced its investigation, including Wednesday's after-hours drop. On Wednesday morning, Baird downgraded the stock to Neutral from Outperform, TheStreet reported.

"Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan in place," Gil Luria, head of technology research at D.A. Davidson, told Reuters.

What it means for investors

After-hours prices are based on thin trading and can change a lot before the next regular session opens at 9:30 a.m. ET. Our stock market hours guide explains how after-hours trading works. Because Nvidia is one of the largest stocks in the S&P 500, a big move can also weigh on index funds that own it.

This article is for information only and is not investment advice.