The key facts

  • Musk wrote on X that hiring Huang 'would be an honor,' without specifying a position or company
  • WSJ and Financial Times reported that Nvidia's board is preparing to consider Huang's resignation
  • Nvidia shares fell 8.61% after the close — to $158.78

Musk's response amid the Nvidia crisis

Elon Musk said on the social network X that he would consider it an honor to hire Nvidia CEO Jensen Huang. He was responding to a user's post urging: 'Elon, please hire Jensen.' Musk did not name a possible position and did not specify which of his companies was meant; his brief reply said nothing about a formal offer or hiring negotiations.

What is happening at Nvidia

The exchange took place against the backdrop of reports of a possible leadership change at Nvidia. The Wall Street Journal, citing informed sources, wrote that the board of directors is preparing to consider the question of Huang's resignation and may meet as soon as November 11 Eastern Time; Financial Times also reported on the impending decision on the company chief's fate.

The scandal that preceded the decision

The crisis was triggered by reports of Huang's alleged extramarital affairs — with Alice Huang, a former top manager at Mega Speed International suspected of spying for China, and with a company employee. On November 8, Huang admitted to Nvidia employees that he had been unfaithful, apologized to colleagues, the board of directors and shareholders, and promised to work on restoring trust; his open letter was published on Nvidia's website. On November 10, The Guardian reported that shareholders accused the company of deception, claiming that information about the relationships was concealed despite possible risks to national security, reputation and business prospects. Nvidia announced an independent investigation by the board of directors following reports that Huang may have been the target of a foreign intelligence operation.

Market reaction and the scale of possible changes

The scandal has already affected the stock: on Wednesday after the close of the main session, where Nvidia shares rose 2.87% to $173.73, they plunged by $14.95, or 8.61%, to $158.78. Huang founded Nvidia in 1993 and has held the posts of president and CEO since its founding, as well as serving on the board of directors. His departure would be a major personnel change for the company, which has become the dominant supplier of chips for developing and running artificial intelligence systems, and Huang himself has been at the center of the AI investment boom and the technological rivalry between Washington and Beijing. The board's final decision had not been confirmed at the time of publication.