NVIDIA stock price 8.6% after-hours… 3rd place in market cap (overall), behind MS

Nvidia's stock price plunged nearly 9% in after-hours trading following reports that Nvidia's board of directors was preparing to dismiss CEO Jensen Huang, dropping Microsoft (MS) to third place in market capitalization.

NVIDIA's stock price closed at $173.73, up 2.9% in the regular trading session of the New York Stock Exchange on the 11th (local time), but fell 8.6% to $158.78 in after-hours trading.

It is lower than this year's lowest closing price on March 30 ($164.79).

Based on after-hours prices, Nvidia's market cap was about $3.834 trillion, and about $361 billion (about 481 trillion won) evaporated in one day.

Following Apple, it fell behind Microsoft (about $3.863 trillion) and fell to third place in the world.

This week alone, the stock price fell 14.9%, and the market cap evaporated by about $673 billion (about 897 trillion won).

Compared to the all-time high price ($239.24) on the 6th of last month, it fell 33.6%. The market capitalization decreased by approximately $1.943 trillion (approximately 2591 trillion won).

The Wall Street Journal (WSJ) reported after the market closed that day that Nvidia's board of directors was preparing to fire CEO Hwang, who had an extramarital affair with a company employee following a woman suspected of being a Chinese spy.

Competitors AMD and Broadcom rose 7.3% and 4.0%, respectively, in regular trading, and then rose an additional 3.3% and 2.1% in after-hours trading on expectations of reflected profits.

Nvidia will announce its quarterly results on the 17th.