# Nvidia perps crash 7% as CEO Jensen Huang reportedly faces the axe

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11 outlets covering · First listed: CoinDesk, Nov 11, 2026, 10:03 PM · Read it: <https://www.coindesk.com/markets/2026/11/12/bitcoin-listless-nvidia-perps-crash-7-as-ceo-jensen-huang-reportedly-faces-the-axe>

Nvidia perps are down 7% on Hyperliquid as traders react to reports that CEO Jensen Huang may be removed. Bitcoin continues to trade in a familiar price range.

AI summary (may contain mistakes): Nvidia's board met on Wednesday to discuss whether to remove CEO Jensen Huang, CNBC reported, as the company's stock fell 7%. The scrutiny follows reports of affairs, including a relationship with an alleged Chinese spy, according to Al Jazeera. Megaspeed has pledged to cooperate with a US probe, AP reported.

## Who's covering it

In the order they published:

- Nov 11, 2026, 11:43 AM: [Jensen Huang must go](<https://www.economist.com/leaders/2026/11/11/jensen-huang-must-go>) — The Economist (Magazine, United Kingdom)
- Nov 11, 2026, 4:31 PM: [Nvidia is preparing to oust Jensen Huang](<https://www.wsj.com/business/nvidia-is-preparing-to-oust-nvidia-ceo-jensen-huang-30f421ad>) — Hacker News (Aggregator, United States)
- Nov 11, 2026, 4:44 PM: [Nvidia is reportedly preparing to fire Jensen Huang](<https://www.theverge.com/tech/1031652/jensen-huang-rumor>) — The Verge (Digital news, United States)
  Nvidia's board is preparing to dismiss CEO Jensen Huang following a report from The New York Times about a second alleged extramarital affair, just days after he admitted to a separate affair with a woman alleged to be a Chinese spy, The Wall Street Journal reports. The second alleged affair was with an executive who
- Nov 11, 2026, 4:47 PM: [Nvidia’s stock drops as the board reportedly prepares to remove CEO Jensen Huang](<https://www.marketwatch.com/story/nvidias-stock-drops-as-the-board-reportedly-prepares-to-remove-ceo-jensen-huang-9edee58d?mod=mw_rss_topstories>) — MarketWatch (Business & finance, United States)
  Nvidia’s board of directors reportedly met late Wednesday to determine the CEO’s fate.
- Nov 11, 2026, 5:10 PM: [CEO Jensen Huang's job is suddenly on the line at Nvidia](<https://arstechnica.com/gadgets/2026/11/ceo-jensen-huangs-job-is-suddenly-on-the-line-at-nvidia/>) — Ars Technica (Digital news, United States)
  The FBI is investigating as Nvidia’s board holds urgent talks over Huang’s future.
- Nov 11, 2026, 5:28 PM: [Nvidia’s stock drops as board reportedly preps to oust CEO Jensen Huang](<https://techcrunch.com/2026/11/11/nvidias-stock-drops-as-board-reportedly-preps-to-oust-ceo-jensen-huang/>) — TechCrunch (Digital news, United States)
  As soon as Wednesday evening, Nvidia's board could decide to remove its founder and CEO of 33 years.
- Nov 11, 2026, 8:24 PM: [Nvidia board reportedly preparing to oust CEO Jensen Huang after alleged affairs](<https://abcnews.com/US/nvidia-board-reportedly-preparing-oust-ceo-jensen-huang/story?id=138062059>) — ABC News (TV network, United States)
  The Nvidia board is reportedly planning to oust CEO Jensen Huang amid reports he engaged in two extramarital affairs.
- Nov 11, 2026, 9:55 PM: [What to Know About Nvidia’s Investigation of CEO Jensen Huang](<https://www.nytimes.com/article/nvidia-investigation-jensen-huang.html>) — New York Times (Newspaper, United States)
  Nvidia’s board is weighing the future of Jensen Huang, the company’s chief executive, admitted to an affair with a woman who U.S. intelligence says was spying for China.
- Nov 11, 2026, 10:03 PM: [Nvidia perps crash 7% as CEO Jensen Huang reportedly faces the axe](<https://www.coindesk.com/markets/2026/11/12/bitcoin-listless-nvidia-perps-crash-7-as-ceo-jensen-huang-reportedly-faces-the-axe>) — CoinDesk (Specialist, United States)
  Nvidia perps are down 7% on Hyperliquid as traders react to reports that CEO Jensen Huang may be removed. Bitcoin continues to trade in a familiar price range.
- Nov 11, 2026, 11:18 PM: [Nvidia Shares Plunge As Board Reportedly Prepares To Oust CEO Jensen Huang](<https://www.forbes.com/sites/siladityaray/2026/11/12/nvidia-shares-plunge-as-board-reportedly-prepares-to-oust-ceo-jensen-huang/>) — Forbes (Magazine, United States)
  The AI chipmaker’s board reportedly met on Wednesday to discuss removing the company’s co-founder and CEO following revelations about two extramarital affairs, including one involving an alleged Chinese spy.
- Nov 12, 2026, 1:54 AM: [Who could run Nvidia after Jensen Huang?](<https://www.ft.com/content/e47f7d4a-88d7-41e4-8c77-8ea8e0769353?syn-25a6b1a6=1>) — Financial Times (Newspaper, United Kingdom)
  Chip giant co-founder’s future as chief executive is uncertain following report of a second affair
