WSJ Says Nvidia Is Preparing to Oust Jensen Huang Over Alleged Affairs; Here’s How Much 2,000 Shares Have Lost Over the Last Month
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The Wall Street Journal reported late on November 11, 2026, citing people familiar with the matter, that NVIDIA (NASDAQ: NVDA | NVDA Price Prediction) is preparing to remove co-founder and CEO Jensen Huang after reports of alleged extramarital affairs. Reuters reported that the board met on November 11 to decide his future. By early November 12, NVIDIA had issued no press release, statement, or SEC filing on the report.
The stock fell 8.14% in after-hours trading on November 11, reaching $159.51. In premarket trading on November 12, it traded at $163.58, down 5.84% from the $173.73 close.
What Is Confirmed Versus Reported
Nothing about a removal has been confirmed. Company records still list Huang as CEO. The Financial Times reported that the board was set to meet after revelations of an alleged affair with a top company executive, and Business Insider described it as a second affair (per those outlets). Reuters noted that NVIDIA’s bylaws allow Huang’s removal “with or without cause” by a majority vote of directors, and that the board has 11 directors, all independent except Huang. As recently as November 8, the board had said it had confidence in him. No vote outcome, replacement, severance terms, or board-seat decision has been disclosed.
What 2,000 Shares Have Lost
A 2,000-share position was worth $452,640 at the October 12 close of $226.32. At the after-hours price on November 11, it was worth $319,020. That is a loss of $133,620, or 29.52%.
Most of that drop happened before the Journal story. The stock had already slid to $173.73 by the November 11 close. Reuters tied the earlier selling to a board investigation of Huang’s relationship with a businesswoman whom U.S. intelligence was reportedly probing over chip shipments to China. Lawmakers also began pushing for tighter export controls, which are government limits on selling chips abroad.
The business outlook looks the same. NVIDIA reported $96 billion in Q2 revenue and guided Q3 to $108.0 billion, plus or minus 2%.
Reality Check on Founder Risk
Losing a founder is a real risk. Investors call this key-person risk: the danger that one leader drives a big share of a company’s value. Huang has been the face of NVIDIA’s partnerships with hyperscalers (the largest cloud providers) and AI labs. In August, he called NVIDIA “the only company in the world that creates, builds, and offers an entire AI factory platform.” One portfolio manager told Reuters, “The market is starting to price Nvidia without its founder as the likely outcome.” Her firm, Minotaur Capital, owns NVIDIA shares.
On Polymarket, traders priced a 0.475 probability that Huang’s resignation or removal is announced by November 30. With a market cap of $4,195,058,310,000, NVIDIA is one of the largest holdings in market-cap-weighted index funds. Investors who own it only through an S&P 500 or Nasdaq-100 fund are exposed too.
Is the Huang Risk Already in the Price?
Largely, yes. The selloff reflects questions about governance. Demand remains strong: in August, Huang said demand was “much higher” than supply. If the board acts quickly and decisively, it addresses a credibility problem and preserves the business case.
The first test is whether NVIDIA files an 8-K under Item 5.02, the section companies use to disclose executive changes. The bigger test is the earnings call scheduled for November 17. If revenue lands inside the $108.0 billion guidance range and the stock holds above $159.51, the discount is about governance. If the stock closes below that level after the report, it would show the market questions the business itself.
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Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.
Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.
Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.
Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.
