Nvidia Hits a New 52-Week Low as the Board Discusses Jensen Huang's Future as CEO, the New York Times Reports

Update, 11:35am ET: Jensen Huang has resigned as Nvidia CEO. Colette Kress is interim CEO. Read the full story.

Nvidia is down again Thursday, and this time it's about whether Jensen Huang keeps his job. The New York Times reported Wednesday that Nvidia's board was discussing Huang's future as CEO, and CNBC confirmed the board met that day. In premarket trading at 7:00am ET the stock was at $160.28, down 7.74% (Nasdaq). No decision has been announced.

Update, 9:40am ET: It got worse at the open, then bounced a bit. Nvidia opened at $150.99, down about 13%, and dropped as low as $148.80. That's a new 52-week low (the 52-week range is now $148.80 to $243.37). By 9:36am it was back to $157.68, down 9.24% (Google Finance), and Nasdaq had $158.40 (-8.82%) at 9:38am. Its market value is now about $3.8 trillion. AMD was up about 2.8% and Broadcom about 4.6% at 9:38am. Still no official word from Nvidia's board.

Updated November 12, 2026, 4:25pm ET. Nvidia closed at $166.19 (-4.34%); AMD +5.86%, Broadcom +5.54%. The full story of the day is in the resignation article linked above.

Related: Nvidia Closes at $162.85, Lowest Close Since July 2025, After First Week Without Jensen Huang · Jensen Huang Resigns as Nvidia CEO: CFO Colette Kress Named Interim CEO, Harvey Jones Becomes First Chair

The numbers

What's actually been reported

Here's where things stand, with who said what, because a lot of this isn't confirmed:

• The New York Times reports the board was discussing Huang's future as CEO. CNBC confirmed the board met Wednesday to talk about whether to remove him. The Financial Times described it as a discussion, not a decision.
• The New York Times also reports a second relationship, with an executive who reports to Huang. Nvidia, Huang and the executive haven't confirmed it.
• This all comes on top of the board's investigation that started on November 8, which we covered in Nvidia investigates CEO Jensen Huang.

What Nvidia has said officially

Not much new. As of this morning Nvidia hadn't made any public statement about Huang's future. The last official words were from November 8: the board said it had no reason to believe Nvidia's secrets or national security were compromised, and Nvidia said Huang would stay on as CEO while the investigation runs. Since then the board hired the law firm Wachtell, Lipton, Rosen & Katz to lead that investigation. A shareholder class action is also already filed (here's what it says).

One thing worth knowing: Nvidia doesn't have an obvious successor lined up. Reports say Huang has never been big on formal succession planning, which is part of why the market is so jumpy about this.

What analysts are saying

Several Wall Street analysts told CNBC the stock could fall about 20% if Huang is removed. A few specific calls, all theirs, not ours:

• Bernstein downgraded Nvidia to Market Perform and cut its price target from $400 to $200. Its analyst Stacy Rasgon told CNBC the new report makes it "much tougher for the board to leave him in position."
• Citi cut its target from $285 to $225.
• Dan Ives told CNBC he values the stock at $300 with Huang as CEO and $225 without him.

Not everyone thinks it's the end of the world. Former Nasdaq CEO Robert Greifeld told CNBC a new CEO wouldn't have to make big decisions right away. Still, the stock was already down more than 20% over the past month before today.

Why AMD and Broadcom are up

When Nvidia gets shaky, money looks for the next AI chip names. AMD and Broadcom both traded higher before the open (CNBC had AMD +3.9% and Broadcom +3%). It's not that their business changed overnight. Some investors just don't want to sit in one stock while its leadership is in question. It's the flip side of yesterday, when all the chip stocks went up together after CoreWeave's strong results.

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What to watch

• Any official statement from Nvidia's board. Until then, everything about Huang's future is reporting, not fact.
• Earnings on November 17. Who's leading the earnings call might matter as much as the numbers this time.
• Whether the drop holds into the close. We'll update this article after 4pm ET.

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Days like this are a good reminder of why people spread their money out. The Little Book of Common Sense Investing by John Bogle explains it better than any headline.

FAQ

Why is Nvidia stock down today?

The New York Times reported Nvidia's board is discussing Jensen Huang's future as CEO. No decision has been announced.

Has Nvidia removed Jensen Huang?

No. As of this update, Nvidia has made no announcement, and Huang is still CEO.

When does Nvidia report earnings?

November 17, 2026, after the market closes.

This is news, not financial advice.