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Nvidia board preparing to remove Jensen Huang, media report says

Shares fell about 8% in after-hours trading as a report said directors could meet on November 11 to consider the CEO's future.

Semiconductor chips on a circuit board
Photo: CNA

Nvidia directors are preparing to remove Chief Executive Jensen Huang, according to a media report citing unnamed people with knowledge of the matter. The board could convene as early as November 11 to decide whether he remains in the role, the report said.

Nvidia shares fell about 8% in after-hours trading on November 11. The company had not provided a response to a request for comment, and the reported plans could not be independently verified.

A departure would leave a leadership gap at the $4 trillion chipmaker. Nvidia supplies chips used in training artificial intelligence models and operating services including OpenAI's ChatGPT.

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Lucas Almeida

Companies and Deals Editor

Edits and reviews corporate news (earnings, leadership changes, layoffs, product launches) and deal news (IPOs, mergers and acquisitions, buyouts and funding rounds).