Nvidia shares tumbled early Thursday after the company’s board met to consider whether CEO Jensen Huang should remain in charge. The meeting followed reports about Huang’s personal relationships and raised broader questions about the chipmaker’s role in the global artificial intelligence industry (Associated Press; Reuters).
Board weighs Huang’s future
Reuters reported that Nvidia directors met late Wednesday to decide Huang’s future. The meeting followed reports of a second relationship involving a company executive who reported to Huang. Earlier, the board began investigating Huang’s relationship with a businesswoman reported to be a suspected Chinese intelligence asset.
Nvidia’s board said an independent committee, assisted by outside counsel, will oversee that investigation. The board said it has no reason to believe that Nvidia secrets or national security information were compromised, but it will review the available evidence (Nvidia).
AI markets feel the shock
The board meeting affected investors because Nvidia sits at the center of the global AI boom. Its advanced processors are used to train and run large AI models. Reuters reported that Nvidia shares fell more than 8% at one point in after-hours trading as investors reacted to the leadership uncertainty.
The concerns also reached customers outside the United States. Some Chinese AI companies are trying to reserve Nvidia-powered computing at data centers outside China, Reuters reported. The companies fear the controversy could add political support for tighter U.S. controls on remote access to advanced processors (Reuters).
Washington watches chip access
The issue has become part of the broader U.S. debate over China’s access to advanced computing. Reuters reported that the House has passed the Remote Access Security Act, which would give the Commerce Department authority to regulate some remote, cloud-based access to restricted technology. The bill is awaiting Senate action.
Nvidia has not announced a leadership change. Its board said Huang supports the review and that it will provide further updates as appropriate.
References
Associated Press. (2026, November 12). Nvidia tumbles early amid questions about Nvidia CEO Jensen Huang’s future. AP News. https://apnews.com/article/f9ac67fed10c86c1ed1ad1f41dd921a5
NVIDIA. (2026, November 8). Statement from NVIDIA Board of Directors. NVIDIA Newsroom. https://nvidianews.nvidia.com/news/statement-from-nvidia-board-of-directors
Reuters. (2026, November 12). Exclusive—Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of U.S. curbs. Investing.com. https://www.investing.com/news/economy-news/exclusivechinese-ai-firms-rush-to-secure-nvidia-chip-capacity-as-spy-scandal-stirs-fear-of-us-curbs-5020406
Reuters. (2026, November 12). Morning Bid: Jensen hangs on as Nvidia tumbles. Investing.com. https://au.investing.com/news/economy-news/morning-bid-jensen-hangs-on-as-nvidia-tumbles-4763800