NVIDIA Board Reportedly Considering CEO Removal Amid Leadership Scandal
NVIDIA's board of directors is reportedly meeting to discuss the future of CEO Jensen Huang following allegations of an extramarital affair with a subordinate executive.
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Major U.S. indices closed lower on Monday, with the Dow Jones Industrial Average falling 0.67% to 51,481.51.
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NVIDIA's board of directors is reportedly meeting to discuss the future of CEO Jensen Huang following allegations of an extramarital affair with a subordinate executive.
Nvidia and Alphabet (Google) have each committed to purchasing $10 billion worth of Anthropic stock at its IPO price, as part of a $26 billion private placement by seven firms. Anthropic is going public on Nasdaq under ticker 'ANT' with an expected price range of $70-$78 per share. The investment represents a sound use of Nvidia's substantial cash reserves but is not directly tied to chip sales commitments.
Intel shares rallied 7.52% on November 11, 2026, as CoreWeave's stronger-than-expected Q3 results reinforced AI infrastructure demand across the semiconductor sector. The gains reversed earlier losses following post-election concerns about potential AI regulation. However, Intel faces headwinds from a weakening PC market, which prompted a weak Q4 forecast in late October.
AMD surged 7.32% to $552.90 on November 11, 2026, driven by strong CoreWeave results signaling continued AI chip demand and Goldman Sachs naming it an attractive semiconductor stock. The company has gained 36.99% since November 6, supported by record Q3 revenue of $13.4 billion (up 45% YoY), Q4 guidance of $17 billion, and new partnerships including Google's cloud TPU deal. The broader semiconductor sector also rallied, with Nvidia up 2.92% and Intel up 7.52%.
Wall Street staged a strong recovery on November 11 as AI enthusiasm returned, lifting technology and semiconductor stocks. The Nasdaq climbed 1.60% to 25,466, while the S&P 500 gained 1.29% to 7,618. CoreWeave surged 24.71% on record earnings and improved revenue outlook, while Micron Technology and Oracle also posted significant gains. However, underlying economic concerns about inflation and elevated valuations persist.
Boeing delivered 49 jets in October 2026, while securing 165 new orders, including a significant commitment from lessor Avolon.