Add as a preferred source on GoogleNvidia Shares Fall 7% as Board Weighs Jensen Huang's Future
Nvidia was down 7.2% in premarket trading at 4:05 a.m. ET, a day after directors discussed whether to remove Huang.
Nvidia shares fell 7.2% in premarket trading Thursday as investors weighed a board discussion about whether Nvidia CEO Jensen Huang should remain in the role. The decline was recorded at 4:05 a.m. ET (09:05 UTC), before regular U.S. trading began.
Nvidia's board met Wednesday to discuss removing Huang from the top job. Huang acknowledged having an affair Sunday.
The key question for investors is whether Huang will keep his job. The Wednesday meeting centered on a possible change at the top of the company, and Thursday's 7.2% decline put that leadership question alongside trading in Nvidia shares.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.