Jensen Huang May Be Forced to Leave Nvidia as Stock Plunges 9% to Over One-Year Low, May Test $100 Mark

TradingKey - Jensen Huang could be forced out of Nvidia as shares plunge 9% to a more than one-year low, with potential to drop further to $100.

On November 11, 2026, Eastern Time, as reported by The Wall Street Journal, Nvidia's (NVDA) board of directors is preparing to convene an emergency meeting to evaluate whether founder and CEO Jensen Huang should stay or step down. Following the news, Nvidia shares, which had closed up 2.96% during Wednesday's regular trading session, tumbled as much as 10% in after-hours trading to hit a low near $156, setting a new low in over a year and triggering extreme market panic over whether the stock could drop to the $100 threshold after losing its central figure.

Earlier, Huang had sent a letter to employees admitting to infidelity toward his wife involving Le Huang, a senior executive at Singapore data center operator Megaspeed who was listed by U.S. intelligence agencies as a suspected intelligence operative for the People's Republic of China. Following the release of that news, Nvidia plunged 9.26% in a single day on November 5.

Unexpectedly, Huang was also involved in a second extramarital affair that crossed corporate governance red lines. Latest reports further revealed that Huang had also engaged in an affair with Kimberly Powell, an internal senior executive at Nvidia and vice president of healthcare. Having an intimate relationship with a direct subordinate or internal executive directly violates the zero-tolerance red line held by the boards of large U.S. publicly traded companies regarding executive codes of conduct and internal governance controls.

Currently, the Nvidia board has not yet announced a formal resolution. Close attention should be paid to an official statement from Nvidia's board over the next 24 to 48 hours to confirm whether he will be conditionally retained, placed on leave pending investigation, or directly replaced; these different outcomes will have varying impacts on the stock price. In the case of the former two, Nvidia shares are expected to find support and stem their decline near $150.

Nvidia stock chart, source: TradingView

If Huang is directly ousted, Nvidia's stock price will most likely seek its next line of defense at $120. Even worse, if an independent investigation confirms that the company was involved in severe violations of U.S. national security export controls, prompting the U.S. government to impose business bans or massive criminal penalties on Nvidia, the market could experience an extreme sell-off over an existential crisis, plunging further by nearly 40% to test the $100 threshold.