Nvidia Falls Over 7% Premarket, AMD and Broadcom Buck Trend to Gain Over 2%: Jensen Huang’s Future May Drive Customers to Diversify Chip Purchases

NVIDIA's stock fell after reports of potential CEO ousting and downgrades from Bernstein and Baird. Bernstein cut its target to $200 from $400, citing uncertainty. Despite this, analysts average a $316.48 target, 82% above the close. NVIDIA trades at a forward P/E of 14x, reflecting market doubts about growth. The stock is down 23.24% over the past month, underperforming the S&P 500.

Nvidia shares dropped 8% premarket, potentially losing $590B in market value, as its board considers ousting CEO Jensen Huang amid controversy. This weighed on U.S. futures and AI-related stocks, with Nasdaq and S&P 500 futures down 0.6% and 0.3%, respectively. Asian and European markets also saw mixed reactions, with chip makers and tech stocks affected.

Nvidia's board is reportedly considering removing CEO Jensen Huang amid scandal. The company faces uncertainty over leadership succession, potential valuation impact, and key employee retention. Nvidia's stock fell 7.5% in premarket trading. Analysts note the execution of any change is crucial for the stock.

Alphabet (GOOGL) agreed to buy $10B of Anthropic stock at its IPO price, part of a $26B private placement. Nvidia also invested $10B. Anthropic plans to list on Nasdaq under ANT. Alphabet's shares are non-voting, with ownership capped at 14.99%. Anthropic reported $33.2B revenue for 2026, with an operating loss of $1.3B. Alphabet shares rose 1.10% on the news.

NVIDIA (NVDA) is reportedly preparing to remove CEO Jensen Huang due to alleged affairs, according to the Wall Street Journal. The stock fell 8.14% in after-hours trading on November 11, 2026, and 5.84% in premarket trading on November 12. The board met to discuss his future, but no official decision has been announced. NVIDIA's Q2 revenue was $96 billion, with Q3 guidance of $108.0 billion. The stock's decline may reflect governance concerns rather than business outlook.

Nvidia (NVDA) shares dropped 7% after hours following reports of CEO Jensen Huang's potential removal due to conduct issues. The board is reportedly preparing to remove him, but no successor is clear. The stock has lost a third of its value over the past month, though it remains roughly flat since late March.