NVIDIA is searching for a successor to the CEO and is considering appointing an interim CEO

According to Bloomberg, Nvidia is collaborating with an external company to find the next CEO candidate and is considering appointing an interim CEO before determining a formal successor. The Nvidia board is preparing to remove Jensen Huang from the CEO position and will hold a meeting as early as November 11 to discuss his future, with no final decision or successor announced yet. Nvidia did not immediately respond to requests for comment.

Following the related news, Nvidia's stock price fell about 9% in after-hours trading, having previously risen 2.9% during regular trading hours. CoreWeave, Micron, Intel, and Dell fell 6%, 1.9%, 2.7%, and 3% respectively in after-hours trading; AMD, Broadcom, and Google's parent company Alphabet rose 3.8%, 3.4%, and 1% respectively.