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Nvidia Shares Fall 9% Amid Questions About Huang's Leadership

The stock reached about $158 by 5:30 p.m. ET after gaining 2.9% during Wednesday's regular session.

By Enna Lee
Published
An empty chair faces a silicon wafer on a boardroom table / TokenPost.ai
An empty chair faces a silicon wafer on a boardroom table / TokenPost.ai

Nvidia shares fell 9% in after-hours trading Wednesday amid questions about CEO Jensen Huang's leadership.

Shares had gained 2.9% during regular trading to $173.73 before retreating to about $158 by 5:30 p.m. ET. Nvidia announced an independent investigation Nov. 8.

Michael O’Rourke, chief market strategist at JonesTrading, said the board would have to act if an independent investigation substantiated the allegations. Huang directly manages about 60 senior executives, and Nvidia has not publicly detailed a succession plan. The company is scheduled to hold its quarterly earnings call Nov. 17.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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