On November 12, South Korea's stock market is expected to show mixed trends due to concerns over the potential dismissal of NVIDIA CEO Jensen Huang and the strong performance of U.S. cloud company CoreWeave. In pre-market trading, major semiconductor stocks are showing little change.
The key variable for the market today is whether NVIDIA's board will move to dismiss Huang. Reports from The New York Times have raised suspicions of additional extramarital affairs involving company executives, increasing uncertainty about Huang's future.
According to The Wall Street Journal, NVIDIA's board is reportedly considering the dismissal of Huang, who is both a co-founder and CEO, following allegations of two extramarital affairs, including one with a woman suspected of being a Chinese spy.
Previously, The New York Times reported allegations that Huang had an extramarital relationship with Kimberly Powell, NVIDIA's vice president in charge of healthcare. However, the report did not confirm whether the parties involved acknowledged the allegations or provide specific details about the relationship.
As a result, NVIDIA's stock has fallen more than 8% in after-hours trading. The uncertainty surrounding the future of the CEO, who leads the AI semiconductor market, appears to be impacting investor sentiment regarding the company's management and business strategy.
In contrast, CoreWeave's performance has been positive. The company's third-quarter revenue was reported at $3.661 billion, exceeding market expectations of $3.555 billion. CoreWeave also raised its annual revenue forecast for 2026 from $13 billion to $13.3 billion.
During trading, CoreWeave's stock rose by 24%. However, following the negative news from NVIDIA, it dropped about 7% in after-hours trading.
As of 8:18 a.m., major KOSPI stocks are showing slight gains in pre-market trading. Samsung Electronics and SK Hynix have risen by 0.73% and 0.78%, respectively.
Seo Sang-young, an executive at Mirae Asset Securities, stated, "The uncertainty surrounding Jensen Huang's position could hinder NVIDIA's aggressive AI investment strategy, product development, and partnerships with key clients."
Han Ji-young, a researcher at Kiwoom Securities, noted, "The mention of Jensen Huang's additional infidelity in foreign media and the news of the board preparing for his dismissal may weigh on NVIDIA's after-hours stock performance, which has shown an 8% decline. However, the positive results from CoreWeave and the strong demand forecast for Anthropic's IPO may help maintain a risk-seeking sentiment, leading to a stock performance above neutral levels."
The key variable for the market today is whether NVIDIA's board will move to dismiss Huang. Reports from The New York Times have raised suspicions of additional extramarital affairs involving company executives, increasing uncertainty about Huang's future.
According to The Wall Street Journal, NVIDIA's board is reportedly considering the dismissal of Huang, who is both a co-founder and CEO, following allegations of two extramarital affairs, including one with a woman suspected of being a Chinese spy.
Previously, The New York Times reported allegations that Huang had an extramarital relationship with Kimberly Powell, NVIDIA's vice president in charge of healthcare. However, the report did not confirm whether the parties involved acknowledged the allegations or provide specific details about the relationship.
As a result, NVIDIA's stock has fallen more than 8% in after-hours trading. The uncertainty surrounding the future of the CEO, who leads the AI semiconductor market, appears to be impacting investor sentiment regarding the company's management and business strategy.
In contrast, CoreWeave's performance has been positive. The company's third-quarter revenue was reported at $3.661 billion, exceeding market expectations of $3.555 billion. CoreWeave also raised its annual revenue forecast for 2026 from $13 billion to $13.3 billion.
During trading, CoreWeave's stock rose by 24%. However, following the negative news from NVIDIA, it dropped about 7% in after-hours trading.
As of 8:18 a.m., major KOSPI stocks are showing slight gains in pre-market trading. Samsung Electronics and SK Hynix have risen by 0.73% and 0.78%, respectively.
Seo Sang-young, an executive at Mirae Asset Securities, stated, "The uncertainty surrounding Jensen Huang's position could hinder NVIDIA's aggressive AI investment strategy, product development, and partnerships with key clients."
Han Ji-young, a researcher at Kiwoom Securities, noted, "The mention of Jensen Huang's additional infidelity in foreign media and the news of the board preparing for his dismissal may weigh on NVIDIA's after-hours stock performance, which has shown an 8% decline. However, the positive results from CoreWeave and the strong demand forecast for Anthropic's IPO may help maintain a risk-seeking sentiment, leading to a stock performance above neutral levels."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.