Nvidia board prepares to oust Jensen Huang, WSJ reports; shares slide

Nvidia shares fell more than 7% in after-hours trading on November 11, 2026, after The Wall Street Journal reported that its board was preparing to oust CEO Jensen Huang. The report puts the future of a co-founder who has led the company for 33 years in the hands of its directors.

Directors could meet on Wednesday

Sources told the Journal that Nvidia’s board could meet as soon as Wednesday, November 11, to determine Huang’s future at the company, TechCrunch reported. The reported preparations concern a prospective leadership change, not a completed dismissal.

Nvidia did not immediately respond to CNBC’s request for comment. The possible board meeting would address the future of the company’s current chief executive; the Journal’s account, as described by TechCrunch, placed that discussion as early as the same day the news emerged.

The sharp after-hours move followed several days of losses in Nvidia shares. TechCrunch put the Wednesday evening decline at about 8%, alongside a roughly 11% drop over the preceding five days. The longer stretch includes trading before the report about the board’s intentions, rather than measuring only investors’ immediate response.

About 8%Wednesday after-hours decline

TechCrunch’s snapshot of trading outside the regular session.

About 11%Five-day decline

TechCrunch’s measure over the preceding five days.

A founder with a wide management reach

Huang’s tenure spans Nvidia’s rise into a major supplier of the computing hardware behind AI. Its chips are used both to train models and to run large AI workloads. That business has made Nvidia one of the primary beneficiaries of the AI boom.

His role also extends across a large group of employees who answer to him personally. Huang has said he has about 60 direct reports. TechCrunch described him as delegating very little and said Nvidia has not had an obvious successor or succession plan.