12/11/2026 – Daily Reports
- Boardroom Turmoil: Nvidia’s board is reportedly meeting to discuss whether CEO Jensen Huang should remain in his position following allegations of two extramarital affairs, including one reportedly involving a woman suspected of being a Chinese spy.
- Leadership Uncertainty: Huang’s potential departure could create a significant leadership vacuum at the nearly $4 trillion chipmaker, which has no obvious successor.
- Huang’s Grip on Nvidia: The 63-year-old CEO owns approximately 3.6% of Nvidia’s shares and maintains close control over the company, with dozens of executives reporting directly to him.
- Market Reaction: Nvidia shares plunged approximately 8% in after-hours trading on Wednesday, adding to a weekly sell-off that has erased roughly $600 billion in market capitalization.
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Fed: Stronger-than-expected US inflation and hawkish Fed comments have raised the prospect of a more aggressive rate hike in December. Friday’s PPI report is in focus.
Equities: US stocks rallied as AI-related shares recovered. The S&P 500 gained 1.3%, while the Nasdaq rose 1.6%.
Oil: Brent trades around $92–93, with US-Iran tensions and supply expectations influencing prices.
Gold: Gold fell below $4,000 to $3,981 as a stronger dollar and rate-hike expectations weighed on prices.
