{"id":74547,"date":"2026-11-11T21:38:15","date_gmt":"2026-11-12T01:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-shares-plunge-as-board-reportedly-prepares-to-oust-ceo-jensen-huang-amid-spy-scandal\/74547\/"},"modified":"2026-11-11T21:38:15","modified_gmt":"2026-11-12T01:38:15","slug":"nvidia-shares-plunge-as-board-reportedly-prepares-to-oust-ceo-jensen-huang-amid-spy-scandal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-shares-plunge-as-board-reportedly-prepares-to-oust-ceo-jensen-huang-amid-spy-scandal\/74547\/","title":{"rendered":"Nvidia Shares Plunge as Board Reportedly Prepares to Oust CEO Jensen Huang Amid Spy Scandal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) shares dropped 8%<\/strong> in after-hours trading following reports that the board is preparing to remove <strong>CEO Jensen Huang<\/strong> after revelations of two extramarital affairs, including one with a suspected <strong>Chinese intelligence asset<\/strong>.<\/li>\n<li><strong>US 2-Year Treasury yields<\/strong> surged nearly <strong>5 basis points to 4.7756%<\/strong>, hitting a two-week high as markets adjust to rising interest rate expectations.<\/li>\n<li><strong>Samsung Electronics (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>)<\/strong> is planning approximately <strong>40 trillion won ($28.6 billion)<\/strong> in advanced equipment investments, following a significant <strong>6 trillion won<\/strong> commitment to HBM (High Bandwidth Memory) facilities.<\/li>\n<li><strong>Bank of Japan (BOJ)<\/strong> board member <strong>Asada<\/strong> signaled that underlying inflation remains aligned with the 2% target but urged caution regarding the impact of previous rate hikes on the broader economy.<\/li>\n<li><strong>Geopolitical tensions<\/strong> remain high as debris from intercepted missiles fell in Saudi Arabia\u2019s <strong>Mecca region<\/strong>, while South Korea monitors North Korean movements near the DMZ.<\/li>\n<\/ul>\n<h2>Nvidia Leadership Crisis and Market Impact<\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) is facing an unprecedented leadership crisis as its board of directors reportedly prepares to oust co-founder and <strong>CEO Jensen Huang<\/strong>. The move follows a <em>Wall Street Journal<\/em> report indicating that the board could meet as early as Wednesday to decide Huang&#39;s future. The investigation centers on two extramarital affairs, one involving <strong>Kimberly Powell<\/strong>, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>\u2019s VP of Healthcare, and another with <strong>Alice Huang<\/strong>, an executive at a Singapore-based firm who US intelligence officials believe is a <strong>Chinese spy<\/strong>.<\/p>\n<p>The scandal has wiped out approximately <strong>$600 billion in market value<\/strong> this week, with shares sliding another <strong>8% in after-hours trading<\/strong>. Investors are particularly concerned because <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> lacks a formal <strong>succession plan<\/strong>, and Huang has been the primary architect of the company\u2019s <strong>$4 trillion<\/strong> valuation and dominance in the AI chip market. <em>The Washington Post<\/em> reported that while the US administration has not been involved in the board&#39;s decision-making, the FBI is reportedly investigating whether corporate secrets or national security were compromised.<\/p>\n<h2>Global Monetary Policy and Treasury Trends<\/h2>\n<p>In the fixed-income markets, the <strong>US 2-Year Treasury yield<\/strong> climbed to <strong>4.7756%<\/strong>, reflecting a gain of nearly 5 basis points. This move comes as <em>Wall Street Journal<\/em> reports suggest rising expectations for further <strong>Federal Reserve rate hikes<\/strong>, which have also begun to weigh on <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold prices<\/a><\/strong>. Meanwhile, the <strong>10-Year Treasury yield<\/strong> remained steady at <strong>4.99%<\/strong>, hovering just below the psychologically significant 5% mark.<\/p>\n<p>In Asia, <strong>Bank of Japan (BOJ)<\/strong> board member <strong>Asada<\/strong> maintained a balanced tone, noting that while Japan&#39;s <strong>underlying inflation<\/strong> is holding near the 2% target, the financial environment remains &quot;easy.&quot; Asada emphasized the need for <strong>caution<\/strong> to ensure that earlier interest rate increases do not stifle economic growth. This sentiment aligns with recent BOJ summaries suggesting that while a <strong>December rate hike<\/strong> remains on the table, policymakers are closely watching global market volatility.<\/p>\n<h2>Semiconductor Investment and Regional Stability<\/h2>\n<p>South Korean President <strong>Lee Jae-myung<\/strong> announced that Samsung Electronics (<a href=\"\/stock\/SSNLF\">SSNLF<\/a>) is set to invest <strong>40 trillion won<\/strong> in advanced equipment to maintain its edge in the global semiconductor race. This follows a <strong>6 trillion won<\/strong> investment in <strong>HBM facilities<\/strong>, critical for AI applications. Additionally, Seoul officials stated they see no issue with relocating a US military base at <strong>Gwangju Airport<\/strong> to make room for a new <strong>semiconductor cluster<\/strong>, signaling strong government-corporate alignment.<\/p>\n<p>Geopolitical risks briefly spiked following reports of <strong>intercepted missiles<\/strong> over Saudi Arabia, with debris falling in the <strong>Mecca region<\/strong>. In East Asia, the South Korean Presidential Office reported that no further North Korean movements were detected near the <strong>DMZ<\/strong> beyond &quot;broadcast readiness.&quot; Markets also noted the <strong>PBOC&#39;s<\/strong> fixing of the <strong>Yuan midpoint at 6.7174<\/strong> against the dollar, as China continues to manage currency stability amid ongoing trade negotiations between the US and Mexico regarding <strong>Asian steel shipments<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) shares dropped 8% in after-hours trading following reports that the board is preparing to remove CEO [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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