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Nvidia stock falls as board considers ousting CEO Jensen Huang amid scandal.

Market News
12 Nov 2026, 01:28 WIB
TechCrunch
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Bearish
Nvidia stock falls as board considers ousting CEO Jensen Huang amid scandal.

Nvidia's stock dropped about 8% in after-hours trading following reports that the company’s board is preparing to remove CEO Jensen Huang, who has led Nvidia for 33 years. The move comes after Huang admitted to an extramarital affair with a woman linked to Chinese intelligence and another affair with an Nvidia executive. Nvidia has no clear succession plan, raising uncertainty about the company's leadership amid the ongoing scandal. The stock has declined roughly 11% over the past five days as investors react to the news.

Nvidia's stock price on Pluang is currently USD 159.75, down 5.36% as of Nov 12, 2026 06:41 WIB, showing a significant drop but less steep than the 8% fall reported in after-hours trading. Despite the recent turmoil, the stock still attracts more buyers than sellers, with 69% of Pluang orders being buys. The typical hold time of 118 days indicates that investors on Pluang tend to maintain their positions for the medium term even amid leadership uncertainty.

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