Nvidia Shares Fall More Than 8% Premarket Amid Huang Ouster Reports

Nvidia shares fell more than 8% in premarket trading Thursday amid reports that the board may remove CEO Jensen Huang, putting leadership stability in focus at the chipmaker.

The reports described board discussions about Huang’s future, but Nvidia had not announced a decision to remove him. The company also had not named a successor or disclosed a succession plan. The potential ouster therefore remained unconfirmed in the company’s public announcements.

The sharp decline put investor confidence in Nvidia’s leadership stability in focus. Nvidia had not announced whether the board would take action.

The market move preceded any confirmed leadership transition. A possible departure is distinct from a completed change in the chief executive role, and Nvidia had not announced a handoff or successor. No departure had been confirmed.

Nvidia’s next earnings report is scheduled for Nov. 17, five days after Thursday’s premarket move. No leadership announcement was tied to that date.