Nvidia's slump drags indexes lower: shares fall 7.5% on possible exit of Jensen Huang

FinanceInternationalXTB.comNov 12, 2026, 3:12 AMAI summary

Nvidia shares fall nearly 7.5% in pre-market trading after reports that its board is preparing to remove Jensen Huang as chief executive. The Nasdaq 100 drops about 1% and the S&P 500 0.5%. The crisis erupted after Huang admitted an affair with Alice Huang, and new reports emerged yesterday about another relationship with Kimberly Powell, Nvidia's vice president of healthcare.

In 40 seconds

Nvidia falls 7.5% pre-market on reports of a possible removal of Jensen Huang; the Nasdaq 100 is down about 1% and the S&P 500 0.5%.
The board is working with an executive search firm to find a successor and is considering an interim chief executive.
Bernstein cut its rating to market perform, Baird to neutral and Morgan Stanley removed the stock from its preferred list; AMD and Broadcom rise between 1% and 2%.

Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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Nvidia's slump drags indexes lower: shares fall 7.5% on possible exit of Jensen Huang

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Spain's Ibex 35 opens up 0.14% at 20,056.20 points

Telefónica shares fall 1% despite beating estimates and raising guidance

Santander to raise 1.9 billion in capital to take full control of its Brazilian business

54% of Spanish workers who study receive funding from their company