Nvidia shares plunge in after-hours trading as concerns about CEO Jensen Huang intensify
Quick Look
Nvidia shares fell more than 8 per cent in US after-hours trading on Wednesday as CEO Jensen Huang’s job security came under question following media reports of a board meeting and another extramarital affair, erasing a 2.9 per cent rebound from the regular session.
AI-generated summary
Why It Matters
Nvidia’s stock lost over 9.5 per cent in trading on Monday and Tuesday before rebounding 2.9 per cent in the regular session on Wednesday.
Nvidia shares fell more than 8 per cent at one point in US after-hours trading on Wednesday as CEO Jensen Huang’s prospects of hanging onto that role became more clouded after media reports of a board meeting and another extramarital affair.
The drop in the American AI chip giant’s share price erased a 2.9 per cent rebound in the regular trading session, after the stock lost over 9.5 per cent in trading on Monday and Tuesday.
It came as speculation mounted over whether Huang would keep his job. Nvidia’s board was preparing to remove him and could meet as soon as Wednesday to decide his future, The Wall Street Journal reported, citing informed sources.
What to Watch
AI outlook — possibilities, not facts
Nvidia’s board will meet to decide Jensen Huang’s future as CEO
Possible · Within days
Open Questions
- Will Nvidia’s board meet on Wednesday to decide Jensen Huang’s future?
- What specific details are in the media reports about the extramarital affair?
- Has Jensen Huang responded to the reports?
