AI news Nov 12, 2026

NVIDIA's board voiced confidence in Jensen Huang on November 8, then met three days later on whether to keep Huang, and no company document covers the meeting

CNBC reported on the evening of November 11 that NVIDIA's board was meeting to decide whether to replace CEO Jensen Huang (CNBC, 2026-11-11). NVIDIA holders and buyers can judge whether the board will replace its CEO only from media reports; the November 17 earnings report is the first scheduled occasion where the company itself will speak.

The Wall Street Journal wrote on X on the afternoon of November 11 that the board was preparing to replace Huang (The Wall Street Journal, 2026-11-11). The only part CNBC reported from its own confirmation that evening was that the board was meeting to decide whether to replace Huang. As of early November 12, no outlet had reported that Huang had been replaced.

NVIDIA's most recent documents date from November 10, and none of them discusses this meeting. The board's November 8 statement said it had opened an independent investigation and expressed confidence in Huang and the management team. The investigation that statement describes concerns reports that Huang had become a target of foreign intelligence activity (board statement in full, via CNBC, 2026-11-08). The reasons the Journal gives for replacing Huang go beyond what the statement says is under investigation. The independent directors issued a separate statement on November 10, saying the investigation is led by Joon H. Kim, former acting US attorney for the Southern District of New York, and the law firm Wachtell (NVIDIA, 2026-11-10).

As of early November 12, NVIDIA had filed nothing with the US Securities and Exchange Commission in November, which doesn't mean the board hasn't decided. For most events, a US public company's current report is due within four business days of the event (SEC).

Among investors who have spoken publicly, some want the board to wait for the investigation's findings. Investor Gavin Baker wrote that several large shareholders and partners had called Baker to say the board should wait for the findings before deciding, and that Baker agreed (Gavin Baker, 2026-11-11). On the other side, according to Shakeel Hashim, editor of the newsletter Transformer, an editorial in The Economist ran under a headline saying Huang must resign (Shakeel Hashim, 2026-11-11).

Not proven yet: the reports don't say whether the outlets' anonymous sources are the same people How we checked →

Bloomberg editor Joe Weisenthal put NVIDIA's after-hours decline at nearly 8% (Joe Weisenthal, 2026-11-11), while CNBC put it at more than 9%; the two figures refer to different times. The Information's founder Jessica Lessin, citing one anonymous source, wrote that the board held a tense meeting on November 9 and has stayed in contact since (Jessica Lessin, 2026-11-12). That account has a single source.

The independent directors' November 10 statement says only who leads the investigation and doesn't mention export compliance. The calls from large shareholders that Gavin Baker describes can't be verified, and Baker's holdings aren't disclosed. The Economist headline comes from Hashim's post. The four-business-day deadline is the general rule, and a few event types have their own rules; it doesn't tell when NVIDIA will file this time. This issue's material runs to early November 12, US Central Time.

Next to watch: an NVIDIA announcement or a current report filed with the SEC, and who hosts the November 17 earnings call.