NVIDIA, a major U.S. semiconductor company, plunged in after-hours trading following reports that preparations were under way to dismiss CEO Huang. The Nikkei 225 CFD also weakened to below the previous day's close.
Following reports in the U.S. media, NVIDIA's share price plunged in after-hours trading on the 11th local time. After closing regular trading at $173.73, up 2.9% from the previous day, the stock fell sharply after hours.
The WSJ reported, citing people familiar with the matter, that the board was preparing to decide as early as that day how to handle CEO Huang. A series of reports has emerged concerning an alleged affair involving CEO Huang.
The lack of a succession plan was also highlighted, and an impact on the AI semiconductor sector is anticipated. Reports indicate that the market views this as a risk for the company's stock.