Nvidia Reportedly Preparing to Oust CEO Huang After Alleged Affairs with Spy, Nvidia Exec

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Embattled Nvidia (NVDA) CEO Jensen Huang was allegedly involved in a second extramarital affair.

The company's board is reportedly meeting to determine whether it will oust Huang as chief executive, The Wall Street Journal reports. Nvidia stock fell in after-hours trading following the report.

According to The New York Times, Huang, whose relationship with a woman alleged to be a Chinese spy has embroiled the company in scandal this week, also had a relationship with Nvidia executive Kimberly Powell.

She joined Nvidia in 2008 and heads up the company's healthcare business.

The Times report says that Huang and Powell were seen being affectionate at a hotel during a company conference in March, and that when a bystander took a photo of the interaction, a security guard "sequestered them" and offered them a nondisclosure agreement.

Last month, The Times reported that US intelligence services believed a woman, Alice Huang, a former Megaspeed executive, may have acted as an intelligence asset, sharing information with the ruling party in Beijing.

On Sunday, Huang issued a statement apologizing to his family and Nvidia employees for having an affair, though he didn't identify the person involved. Yahoo Finance reports.

🛡️ Elbit Systems Lands $260 Million NATO Deal

Elbit Systems Ltd. (NASDAQ: ESLT) stock rose more than 2% in Thursday’s premarket trading after the Israeli defense technology company secured a $260 million contract to supply rocket artillery systems to a European NATO member.

Elbit Systems said Thursday it won a contract worth approximately $260 million to supply its Precise & Universal Launching System (PULS) rocket artillery systems and munitions.

The company expects to complete the contract over five years. However, it did not identify the European NATO customer.

The PULS system can launch unguided rockets, precision-guided munitions, and missiles across different ranges. Benzinga reports.

🏭 Why Is AEVEX Stock Soaring Thursday?

AEVEX Corp. (NYSE: AVEX) stock surged in Thursday’s premarket trading after the defense technology company reported stronger-than-expected third-quarter revenue and raised its 2026 forecast.

Revenue jumped 56.5% year over year to $189.7 million, beating analysts’ expectations of $149.44 million.

However, AEVEX reported a loss of 40 cents per share, compared with expectations for earnings of 7 cents per share.

The loss largely reflected a one-time $37.9 million deferred tax charge tied to the Black Sea acquisition. Benzinga reports.

🧪 What's Going On with Xanadu Quantum Stock Thursday?

Xanadu Quantum Technologies Ltd. (NASDAQ: XNDU) stock fell in Thursday’s premarket trading after the quantum computing company reported weaker-than-expected third-quarter results.

Xanadu reported a loss of 11 cents per share, wider than analysts’ expectations for a 10-cent loss, while revenue totaled $1.31 million, missing the $2.22 million consensus estimate.

Xanadu’s net loss widened to $32.2 million from $20.3 million a year earlier but narrowed from $42.1 million in the second quarter. The sequential improvement reflected the absence of certain fair-value and derivative losses recorded in the previous quarter. Benzinga reports.

☁️ Why Is Alibaba Stock Falling Thursday?

Alibaba Group Holding Ltd. (NYSE: BABA) stock fell nearly 5% in Thursday’s premarket trading as investors weighed tighter U.S. scrutiny of advanced NVIDIA Corp. (NASDAQ: NVDA) chips and growing uncertainty ahead of next week’s earnings.

The decline followed a broader sell-off in Chinese artificial intelligence stocks, while Nasdaq futures fell 0.65% and S&P 500 futures declined 0.35%.

Alibaba’s Hong Kong-listed shares dropped as much as 7.3% Thursday amid concerns that stricter U.S. enforcement could disrupt Chinese cloud providers’ access to advanced AI chips, Bloomberg reported.

UOB Kay Hian analyst Julia Pan told Bloomberg that Chinese cloud companies have stockpiled chips since early 2026. However, prolonged restrictions could delay AI research and development. Benzinga reports.

🛰️ From SpaceX to Anthropic, Markets Have a New Playbook for Mega-Share Debuts

When AI firm Anthropic starts trading after its expected IPO next week, its share price in the first few weeks will largely be determined by who is forced to buy it rather than who wants to buy it. Investors are examining SpaceX's successful June stock market debut for clues.

Elon Musk's SpaceX (SPCX.O) altered the playbook for stock market listings by behemoths, as major U.S. index providers such as Nasdaq rewrote the rules around inclusion, ensuring that a massive pool of passive money would buy the shares in the first 15 days of its listing. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) POAS: Phaos Technology Holdings (Cayman) Limited
Total gain: +123.16%

2) DPU: Nexpu Ltd.
Total gain: +44.03%

3) CURI: CuriosityStream Inc.
Total gain: +15.61%

4) AVEX: AEVEX Corp.
Total gain: +13.85%

5) ATRA: Atara Biotherapeutics, Inc.
Total gain: +12.39%

The closing price of the top three market percent gainers trading near or above $2 on Nov 11.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) RETO: ReTo Eco-Solutions, Inc.
Total gain: +65.95%

The stock appeared to be moving on no notable news.

2) SFWL: Shengfeng Development Limited
Total gain: +43.88%

The stock appeared to be moving on no notable news.

3) BGS: B&G Foods, Inc.
Total gain: +37.97%

The company announced financial results for the third quarter and first three quarters of 2026. Financial results for the third quarter and first three quarters of 2026 include the impact of the College Inn and Kitchen Basics acquisition, which was completed on March 19, 2026, the Green Giant U.S. frozen divestiture, which was completed on March 2, 2026, and the co-manufacturing agreement the Company entered into on March 2, 2026 with the acquirer of the Green Giant U.S. frozen business. BusinessWire reports.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

INTR

Inter & Co

Q3 2026

After Market Close

Estimate: 0.190

Actual: N/A

NU

Nu Holdings

Q3 2026

After Market Close

Estimate: 0.220

Actual: N/A

AHEXY

Adecco Group

Q3 2026

Before Market Open

Estimate: 0.380

Actual: 0.450

Time (ET) / Report / Period

• 8:30 AM / Weekly Jobless Claims / Nov. 7
• 8:30 AM / FRB Cleveland President Beth Hammack moderated conversation with students from Ohio State University
• 10:00 AM / Existing Home Sales / Oct.

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