Nvidia shares pared their premarket losses on Thursday as investors awaited clarity on CEO Jensen Huang’s future. CNBC’s quote page showed the stock at $164.69, down $9.04, or 5.2%, at 09:38 UTC on November 12, before the US regular session opened.
The retreat had been deeper minutes earlier: CNBC reported a 6.3% premarket decline at 09:34 UTC. Nvidia had closed Wednesday at $173.73, up 2.87%, so Thursday’s early selling was reversing that regular-session rebound. Premarket prices remain subject to change before the opening bell.
CNBC confirmed that Nvidia’s board met on Wednesday to discuss whether Huang should remain CEO. The report did not announce a completed leadership change. Our earlier coverage outlines the reported deliberations, including discussion of an interim chief and a search for potential replacements.
Bernstein analyst Stacy Rasgon told CNBC that a central succession question is who could provide Nvidia’s long-term strategic vision. As our succession brief explains, the concern extends beyond running daily operations to the decisions shaping future products and markets.
Independent directors appointed outside investigators on November 10; that statement announced neither findings nor a CEO change. Nvidia’s next scheduled financial update is its November 17 earnings release and analyst call, while investors await further clarity on the company’s leadership.
