NVIDIA shares rise 2.9% during the day, then fall 8.6% after hours
Key Facts
NVIDIA shares rose 2.9% during Wednesday’s session, November 11, 2026, before falling 8.6% in extended trading after reports that the company’s board met in the evening to discuss the situation surrounding CEO Jensen Huang, according to The Associated Press. The decline came after regular trading closed, erasing the stock’s gains for the day. The agency did not report that the board had decided to remove Huang; it said the meeting addressed his situation. The divergence between the session and after-hours performance put leadership at the company in focus for investors. The development came as AI-linked shares were benefiting from signs that demand for computing capacity was still supporting some companies in the sector.
NVIDIA’s rise during the session coincided with a 24.7% jump in CoreWeave shares on Wednesday. The Associated Press said the company, which rents customers access to AI chips through cloud computing, showed investors that it had incurred smaller losses over the summer than analysts had expected. The result offered a positive signal from a company operating infrastructure needed to run AI applications. The gains came before attention shifted to NVIDIA’s board meeting late in the day. Thus, shares in the sector responded in the same session first to news supporting computing demand, then to pressure tied to leadership concerns at the largest chipmaker.
The Associated Press said global stocks were mixed on Thursday and that leadership concerns at NVIDIA weighed on AI-linked shares. This puts the reaction in a broader context than the company’s share move alone, as investors track the effect of developments at companies that supply chips to the sector or depend on them. The agency did not provide figures for the moves in indexes or Asian stocks in the available report, so the confirmed points remain its description of mixed markets and pressure on AI-linked shares. These shares’ sensitivity comes amid an ongoing debate over whether companies can turn infrastructure investment into profits and productivity. Because that debate is tied to demand expectations, news about companies influential in the industry can move shares beyond those of the company at the center of the news.
The backdrop to these concerns includes fears of a broader slowdown in the AI industry, according to The Associated Press. The agency said investors have been asking for some time whether the profits and productivity generated by AI will be enough to justify the costly investments. This matters for companies expanding their computing capacity and data centers because the expected return on those investments affects estimates of future chip demand. The agency also cited the possibility of restrictions on building additional data centers following Democratic gains in the midterm elections. That possibility adds a political dimension to the economic debate over spending, as leadership concerns at NVIDIA intersect with broader questions about the sector’s trajectory.
NVIDIA’s board announced on November 8, 2026, that it had begun an independent investigation following reports that Huang, the company’s founder and CEO, had been targeted by a foreign intelligence effort. In its statement, the board said it did not believe national security or company secrets had been compromised. On November 10, the board’s independent members announced that they had retained attorney John H. Kim and the firm Wachtell, Lipton, Rosen & Katz to conduct an investigation they described as comprehensive and independent. According to company statements, the investigation places developments at Wednesday’s meeting within an ongoing review related to reports about Huang. The investigation statement did not announce a change in his position, and the AP did not report that Wednesday’s meeting ended with a final decision about him.
One upcoming event investors may focus on is NVIDIA’s call to discuss its fiscal 2027 third-quarter results on Tuesday, November 17, 2026, at 2 p.m. Pacific time, according to an investor relations statement. The fiscal quarter covered a period that ended on October 25, 2026. The call follows the divergence between the stock’s regular-session and extended-hours performance and comes as the board’s announced independent investigation continues. The results will give the company an opportunity to discuss the quarter’s performance, while the board meeting and developments in Huang’s situation remain in focus for the market. Based on the available facts, the board has not announced a final decision about the CEO’s position.