Nvidia's stock dives as chipmaker's board weighs move to oust CEO Jensen Huang
Updated on: November 11, 2026 / 11:10 PM EST / CBS News
TL;DR
- Nvidia's stock price fell sharply after news emerged that the board is preparing to oust CEO Jensen Huang.
- An investigation into Huang was launched after he admitted to an extramarital affair.
- U.S. intelligence agencies reportedly linked Huang to a Chinese business executive suspected of being an asset of China's Ministry of State Security.
- The Trump administration is aware of the board's plans, and Congress is scrutinizing Nvidia's chip sales to China.
- Huang's potential departure raises concerns about leadership succession in the AI sector, where Nvidia plays a critical role.
- Corporate governance experts noted that Huang's alleged relationship could violate Nvidia's code of conduct regarding conflicts of interest and ethical standards.