The quick read: • Nvidia's board met late Wednesday, Nov. 11, 2026, to decide whether to remove CEO Jensen Huang. The Wall Street Journal reported the board was preparing to oust him. • Huang co-founded Nvidia in 1993 and has led it for 33 years. The board has 11 members, all but Huang independent, and can remove him by majority vote. He owns about 3.6% of the company. • Nvidia lost more than $600 billion in market value this week. Shares fell more than 8% after hours on Wednesday. • On Sunday, Nov. 8, Huang admitted in a staff memo that he had been unfaithful. The reports involve a woman U.S. officials suspect works for Chinese intelligence. China denies it. • On Wednesday, The New York Times reported a second relationship, with an executive who reports to him. • Nvidia's side: on Sunday the board opened an independent investigation and said it had "confidence in Jensen and his leadership team." As of Thursday morning, Nov. 12, no decision had been announced, and there is no named successor.
“Nvidia's Board Met to Decide Whether to Fire Jensen Huang, After a $600 Billion Week”
who’s making the noise
Wall Street Journal report of Nov. 11, 2026, as reported by TechCrunch (Nov. 11), Al Jazeera (Nov. 12) and The Next Web (Nov. 12).
our take
The company that sells the chips under almost every AI product you use is now a governance story. Nvidia has no board chair, no named successor, and a CEO with about 60 direct reports who has said he delegates very little. Four days ago the board said it had confidence in him. By Wednesday night, per the Wall Street Journal, it was preparing to remove him. The fair point for Huang: none of this is a charge, the spy suspicion is unproven and China denies it, and he has not been found to have done anything to Nvidia's products. The board has not ruled. Nvidia reports earnings on Nov. 17. The plain move for a small business: nothing in your AI stack changes this week. But if your tools, cloud bills or vendors all run on one supplier's chips, this is the week to know which ones, and what your contracts say if prices move. Not investment advice.