Nvidia (NVDA) Stock: $159 Thursday After a Report the Board…
By Tobi Opeyemi Amure
AI summary of the source article
Nvidia shares dropped roughly 8.6 percent in after-hours trading to around $159 following reports that its board was preparing to remove CEO Jensen Huang. No formal decision had been announced, and the company reports results on 17 November.
Why it matters
Jay Goldberg, senior analyst at Seaport Research Partners, stated that replacing Huang "will be very painful organisationally."
Key facts
- Nvidia stock fell about 8.6 percent to roughly $159 in after-hours trading following reports the board was preparing to oust CEO Jensen Huang.
- The board opened an independent probe on 8 November, retaining former acting US Attorney Joon H. Kim and law firm Wachtell, Lipton, Rosen & Katz.
- Nvidia lost over $300 billion in market value during the week ahead of its fiscal Q3 2027 results scheduled for 17 November.
Source excerpt · FinanceFeeds
Updated 12 November 2026, 07:30 GMT, before the US market open. Nvidia (NVDA) closed Wednesday at $173.73 , up 2.92 percent, then fell about 8.6 percent to roughly $159 in after-hours trading after The Wall Street Journal reported that the board was preparing to remove chief executive Jensen Huang (Forbes; Al Jazeera). Verdict: no decision had been announced at the time of writing, and results are…