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Nasdaq futures fall as Nvidia sinks 8% after hours on report board may oust Huang

MarketWatch ·

Stock futures were sliding Wednesday evening as a selloff in shares of Nvidia after the closing bell weighed on the Nasdaq-100 and dragged down shares of other chip makers.

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Reports that Nvidia’s board is preparing or considering removing CEO Jensen Huang drove Nvidia shares down more than 8% in after-hours trading, the New York Times reported. The reports follow allegations of extramarital affairs, including one with a woman U.S. officials reportedly suspect was a Chinese spy; Nvidia is investigating whether Huang was targeted, according to the AP. Sen. Kevin Cramer said Huang should resign.

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  1. MashableNvidia CEO Jensen Huang may be ousted after second affair revealed, reports claimNvidia CEO Jensen Huang reportedly had an affair with a second woman, with the board considering ousting him from his position.
  2. Crypto BriefingReport says US administration stayed out of Nvidia board’s Jensen Huang decisionThe independent investigation into Nvidia's CEO highlights the delicate balance between corporate governance and national security concerns.
  3. MarketWatchNasdaq futures fall as Nvidia sinks 8% after hours on report board may oust HuangStock futures were sliding Wednesday evening as a selloff in shares of Nvidia after the closing bell weighed on the Nasdaq-100 and dragged down shares of other chip makers.
  4. CNBCCramer's stance on Nvidia's stock amid reports that CEO Jensen Huang may be oustedJim Cramer said Wednesday night that he was saddened by a news report that indicated Nvidia's board of directors is preparing to fire Huang.
  5. Al JazeeraNvidia shares plunge amid reports board to discuss CEO Huang’s futureChip giant's stock price falls more than 8 percent amid speculation over co-founder's position.
  6. NBC NewsNvidia shares drop after hours as board meets over CEO Jensen Huang’s futureThe New York Times reported that Huang had a relationship with an Nvidia executive following reports that he’d had a relationship with a suspected Chinese spy.
  7. The DefiantNvidia Board to Discuss Huang's Future, FT ReportsThe reported leadership talks follow the board's public backing of Huang on Nov. 8. Trump said Nov. 9 that the FBI was looking into the situation, separately from the company's review.
  8. CBS NewsNvidia's board preparing to oust CEO Jensen Huang, sources sayNvidia's board of directors is preparing to oust CEO Jensen Huang soon, according to two sources, amid allegations Huang had an affair with a woman U.S. intelligence agencies believe was a Chinese asset.
  9. Business Insider(subscription required)Nvidia stock falls 8% after report board is preparing to oust Jensen Huang after second affairNvidia stock was down 8% after hours following two new reports about Jensen Huang dropped, including one that said its board was preparing to remove him.
  10. New York Times(subscription required)Nvidia’s Board Is Meeting to Discuss Jensen Huang’s FutureMr. Huang has been under scrutiny for an affair with a woman said to be a Chinese spy, as well as a relationship with an executive at his A.I. chip company.
  11. TechmemeSources: Nvidia's board is preparing to oust Jensen Huang after he had two extramarital affairs; NVDA drops 9%+ after hours (Wall Street Journal)
  12. Hacker NewsNvidia is preparing to oust Jensen Huang