TechFlow Intelligence: Nvidia's board is preparing to oust Jensen Huang, shares plunge 9% after hours; MSCI's removal of Strategy from its index could trigger $8.8 billion in selling

Nvidia’s board is preparing to decide CEO Jensen Huang’s fate as early as Nov. 11 over two extramarital relationships, one involving a woman U.S. intelligence suspects may be a Chinese asset, sending the stock down nearly 9% after hours; Bernstein cut its rating and halved its price target to $200, while the White House has been briefed and the FBI is examining Huang’s ties to suspected Chinese-linked parties. Separately, MSCI will remove Strategy and Metaplanet from its global indexes effective Dec. 1 on the grounds that the bitcoin-holding firms resemble investment funds rather than operating companies, with JPMorgan estimating up to $8.8 billion in outflows if other index providers follow, against Strategy’s own warning of about $2.8 billion in stock sales. The two events matter because they test whether valuations rest on underlying businesses or on the people and stories around them: CoreWeave’s Q3 revenue rose 167% year over year to $3.66 billion and its stock jumped as much as 25% intraday, showing AI compute demand intact before Nvidia’s after-hours slide. Also, Avalanche will supply ledger technology to NYSE’s clearing platform for round-the-clock trading and settlement, and Bybit will delist the HAJIMI, AGI and 4STOCK USDT perpetual contracts on Nov. 13.