Nvidia stock drops over 8% in pre-market on CEO Huang ouster reports

Nvidia shares declined by over 8% in pre-market activity following reports that the company’s board is considering removing CEO Jensen Huang. The reports suggest that Huang could face ouster due to allegations involving extramarital relationships, including one with Nvidia executive Kimberly Powell. Although the board has reportedly met to discuss Huang’s future, no official announcement has been made by Nvidia regarding his removal or a succession plan. This uncertainty appears to be affecting investor confidence, leading to a significant decline in Nvidia’s stock price. Watch for any official announcements from Nvidia regarding Jensen Huang’s status and any potential succession plans. The situation remains fluid, and further developments could influence Nvidia’s stock price and market perceptions.

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