Jim Cramer Wants to ‘Throw Up’ Over Nvidia CEO Jensen Huang’s Ouster News, But Elon Musk Says There’s a Better Way
Jim Cramer Wants to ‘Throw Up’ Over Nvidia CEO Jensen Huang’s Ouster News, But Elon Musk Says There’s a Better Way
Ananya GairolaThu, November 12, 2026 at 4:59 AM UTC
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On Wednesday, Jim Cramer expressed shock over reports that Nvidia Corp.’s (NASDAQ:NVDA) board is preparing to remove Jensen Huang, while Elon Musk backed calls for shareholders to have a say in the CEO’s future as the allegations roil investors.
Jim Cramer, Wall Street Reacts to Jensen Huang Ouster Reports
Nvidia shares closed the regular session up 2.92% at $173.73, then declined 8.61% to $158.78 in after-hours trading, according to Benzinga Pro. Nvidia shares fell 6.72% in overnight trading on Robinhood.
CNBC’s Jim Cramer took to X and said, “Jensen we hardly knew yah. Just plain awful….”
In a separate post, Cramer questioned how Nvidia could function without its longtime leader, saying, “What is it worth when a key man is just erased?” He added that he needed time to process the news, concluding, “I want to throw up.”
Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, argued that Nvidia must move forward.
“Hard not to be sad with the news. Jensen will be replaced and Nvidia is still Nvidia. That’s business. He must go and Nvidia needs to focus on selling chips!” he wrote.
Futurum Group CEO Daniel Newman said, "$NVDA will survive no matter what happens. But if Jensen is out it will be a very different company going forward. It will need its own Tim Cook."
Analyst Patrick Moorhead was less optimistic, writing, “This one will be hard, if not impossible, to recover from.”
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Gene Munster Sees Nvidia Stock Rebound, Elon Musk Weighs In
Deepwater Asset Management managing partner Gene Munster argued that Nvidia’s AI chip dominance should remain intact regardless of its leadership.
He said hyperscalers, neocloud companies and sovereign AI customers would continue buying Nvidia chips because their infrastructure needs would not change. Munster estimated shares could open around $150 before quickly recovering.
Musk also endorsed that broader argument, highlighting that Nvidia retains its competitive advantage in AI infrastructure. “It’s still $NVDA’s game,” he said.
Separately, Musk backed a proposal for Nvidia shareholders to have a say in Huang’s future.
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Jason Calacanis suggested the board complete its investigation and consider making Huang chairman instead of removing him as CEO.
Atreides Management Managing Partner Gavin Baker endorsed a shareholder vote after the investigation, questioning whether removing Huang would serve investors’ interests given the stock’s after-hours decline.
In response to Baker’s post, Musk replied, “Exactly.”
Why Nvidia’s Board Is Facing Pressure
The Wall Street Journal reported that Nvidia’s board is preparing to oust Huang following allegations of two extramarital affairs, including one involving a woman suspected of having links to Chinese intelligence.
The report followed a New York Times account alleging an affair with Kimberly Powell, Nvidia’s vice president of health care, who reportedly reports directly to Huang.
Benzinga Edge Stock Rankings rank Nvidia in the 12th percentile for Momentum, while its Growth score stands in the 98th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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EXCLUSIVE: Jensen Huang Drama Puts Q3 Financials on Backburner, Expert Says ‘No One Cares About Their Record Revenues’
Photo Courtesy: glen photo on Shutterstock.com
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