{"id":74558,"date":"2026-11-12T03:08:21","date_gmt":"2026-11-12T07:08:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-leadership-crisis-and-hormuz-tanker-explosions-rattles-global-markets\/74558\/"},"modified":"2026-11-12T03:08:21","modified_gmt":"2026-11-12T07:08:21","slug":"nvidia-leadership-crisis-and-hormuz-tanker-explosions-rattles-global-markets","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/nvidia-leadership-crisis-and-hormuz-tanker-explosions-rattles-global-markets\/74558\/","title":{"rendered":"Nvidia Leadership Crisis and Hormuz Tanker Explosions Rattles Global Markets"},"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>)<\/strong> shares plunged over <strong>8%<\/strong> in after-hours trading following reports that the board is preparing to oust CEO <strong>Jensen Huang<\/strong> amid an investigation into alleged extramarital affairs and potential foreign intelligence risks.<\/li>\n<li><strong>Two oil tankers<\/strong> reportedly exploded in the <strong>Strait of Hormuz<\/strong> after hitting naval mines while navigating what Iranian media described as an &quot;unauthorized route,&quot; heightening global energy security fears.<\/li>\n<li><strong>Hon Hai Precision (<a href=\"\/stock\/2317\">2317<\/a>)<\/strong>, also known as <strong>Foxconn<\/strong>, reported a <strong>34% surge<\/strong> in Q3 net profit to <strong>NT$77.52 billion<\/strong>, comfortably beating analyst estimates of <strong>NT$70.26 billion<\/strong> due to robust AI server demand.<\/li>\n<li><strong>Hapag-Lloyd (<a href=\"\/stock\/HLAG\">HLAG<\/a>)<\/strong> and <strong>Telef\u00f3nica (<a href=\"\/stock\/TEF\">TEF<\/a>)<\/strong> both raised their full-year 2026 outlooks following strong third-quarter performances driven by higher freight rates and service revenue growth, respectively.<\/li>\n<li><strong>Munich Re (<a href=\"\/stock\/MUV2\">MUV2<\/a>)<\/strong> beat Q3 profit expectations with <strong>\u20ac1.74 billion<\/strong> and raised its full-year profit guidance to <strong>\u20ac6.6 billion<\/strong>, citing lower-than-expected major losses in its reinsurance segment.<\/li>\n<\/ul>\n<h2>Nvidia Turmoil and Market Contagion<\/h2>\n<p>The technology sector faced significant pressure on Thursday as reports surfaced that the board of <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> is moving to remove its co-founder and CEO, <strong>Jensen Huang<\/strong>. The move follows an independent investigation into Huang&#39;s admitted infidelity and a second alleged relationship with a subordinate, <strong>Kimberly Powell<\/strong>, the company&#39;s VP of healthcare. Investors reacted sharply to the leadership vacuum at the world&#39;s most valuable chipmaker, sending the stock down to approximately <strong>$159<\/strong> in extended trading.<\/p>\n<p>The scandal has broader implications beyond corporate governance, as one of the relationships involved an executive at a Singapore-based firm who is allegedly an asset of <strong>China&#39;s Ministry of State Security<\/strong>. While the board stated it has no evidence that company secrets were compromised, the uncertainty has already triggered rare analyst downgrades. The turmoil overshadowed a strong earnings report from <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s primary manufacturing partner, <strong>Hon Hai Precision (<a href=\"\/stock\/2317\">2317<\/a>)<\/strong>, which saw its own shares end a two-day rally in Seoul and Taipei as regional markets braced for <strong>Nasdaq<\/strong> futures volatility.<\/p>\n<h2>Geopolitical Escalation in the Strait of Hormuz<\/h2>\n<p>Energy markets are on high alert following reports from the <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong> that two supertankers exploded in the <strong>Strait of Hormuz<\/strong>. According to Iranian state media, the vessels were traveling through &quot;restricted routes&quot; with their navigation systems disabled when they struck naval mines. The IRGC claimed the tankers were being escorted by <strong>U.S. fighter jets<\/strong>, a claim that has not been independently verified by <strong>U.S. Central Command (CENTCOM)<\/strong>.<\/p>\n<p>The incident marks a severe escalation in the strategic waterway, through which a fifth of the world&#39;s oil passes. In response to the growing volatility in the Middle East, <strong>Indonesia&#39;s<\/strong> state energy firm <strong>Pertamina<\/strong> is reportedly accelerating its pursuit of oil field acquisitions in <strong>South America<\/strong>, specifically targeting assets in <strong>Guyana<\/strong> and <strong>Suriname<\/strong>. This move is intended to diversify supply chains and reduce the nation&#39;s reliance on shipments transiting the high-risk Persian Gulf region.<\/p>\n<h2>Corporate Earnings Beat and Guidance Hikes<\/h2>\n<p>Despite the geopolitical and tech-sector headwinds, several European blue-chip companies reported resilient third-quarter results. <strong>Telef\u00f3nica (<a href=\"\/stock\/TEF\">TEF<\/a>)<\/strong> posted revenue of <strong>\u20ac8.43 billion<\/strong>, beating estimates, and subsequently boosted its full-year adjusted EBITDA outlook. The Spanish telecom giant cited strong performance in its home market and <strong>Brazil<\/strong> as primary growth drivers.<\/p>\n<p>In the shipping sector, <strong>Hapag-Lloyd (<a href=\"\/stock\/HLAG\">HLAG<\/a>)<\/strong> raised its full-year earnings guidance for the third time this year. The company reported a Q3 EBITDA of <strong>$1.7 billion<\/strong>, benefiting from elevated freight rates caused by ongoing Red Sea rerouting and port congestion. Similarly, <strong>Munich Re (<a href=\"\/stock\/MUV2\">MUV2<\/a>)<\/strong> confirmed it is on track for a record year, raising its 2026 profit target to <strong>\u20ac6.6 billion<\/strong> after a &quot;pleasing&quot; operating performance across all business segments and a strong investment result.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Nvidia (NVDA) shares plunged over 8% in after-hours trading following reports that the board is preparing to oust [&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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[1947,4824,5036,5822,18106,21303,24032,24033],"class_list":["post-74558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-oil","tag-geopolitics","tag-irgc","tag-nvidia-nvda-stock-nvda","tag-hapag-lloyd-hlag-stock-hlag","tag-munich-re-muv2-stock-muv2","tag-hon-hai-precision-2317-stock-2317","tag-telefonica-tef-stock-tef-2"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=74558"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/74558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=74558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=74558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=74558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}