Add as a preferred source on GoogleNvidia Shares Fall More Than 7% as Board Investigates Reports About CEO
Shares were at $160.85 in premarket trading at 7:26 a.m. ET Thursday. The board said Jensen Huang supported its independent review and expressed confidence in him.
Nvidia shares fell more than 7% to $160.85 in premarket trading at 7:26 a.m. ET Thursday, while Jensen Huang remained the company’s CEO as the board investigated reports about him.
Nvidia’s board announced an independent investigation on Nov. 8. It said Huang supported the review and expressed confidence in him and the leadership team. The board’s statement did not announce Huang’s departure or name CFO Colette M. Kress as an interim CEO.
“The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate,” the board said.
Nvidia’s May 2026 proxy filing listed Huang as president, CEO and a board member. It named Kress as executive vice president and CFO, documenting the positions each held before the investigation began.
Nvidia is a major AI and semiconductor stock in U.S. markets. The board did not set a date for another update, saying it would provide information as appropriate.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.