Nvidia’s Once-Hot Stock Is Falling With CEO Jensen Huang in the Hot Seat
Nvidia’s Once-Hot Stock Is Falling With CEO Jensen Huang in the Hot Seat
David Marino-NachisonMon, November 9, 2026 at 5:03 PM UTC
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Jensen Huang has been Nvidia’s CEO since it was founded in 1993.Credit: Soeren Stache / picture alliance via Getty ImagesKey Takeaways -
Nvidia shares fell Monday as investors assessed scrutiny of CEO Jensen Huang.
Nvidia is investigating claims that foreign intelligence targeted Huang, though it said there was no known corporate or national security compromise.
The latest news out of Nvidia has just about everything a writer of espionage fiction could want, from high-profile corporate executives under uncomfortable scrutiny and political intrigue to affairs of the heart. Investors don’t seem to be enjoying it, though bettors may be.
Shares of Nvidia (NVDA), one of only three U.S. companies valued at over $4 trillion, were recently down more than 5%, extending a rough November run and dropping even as broader markets rose. Investors as of this morning were still working through two statements from the company yesterday, one in which the board said it would investigate reports that CEO Jensen Huang “has been the target of a foreign intelligence effort”—the board said it “has no reason to believe that either national security or Nvidia secrets were compromised”—and another from Huang, who acknowledged the investigation as well as marital infidelity.
The background came in the form of a raft of news reports, among them one published Oct. 31 by The Wall Street Journal that said officials in the U.S. and elsewhere were probing whether a Chinese tech executive with whom Huang was close was sharing information with China, a country viewed as a rival of the U.S. for economic and AI primacy but also a big market for America’s (and Nvidia’s) technology. Huang has become a superstar of the AI bull run, amassing massive wealth and leather-jacketed fame as Nvidia’s chips have become a central product.
“I support the investigation and will cooperate fully,” Huang’s statement read. “I love our country and our company. I am committed to protecting Nvidia and supporting America’s national security. I am proud and grateful to be an American.” President Donald Trump in a recent interview said Huang should remain CEO, saying the executive “has done an amazing job for our country,” adding that “he probably has an excuse for it.”
Prediction markets have nevertheless already jumped on the question of whether the affair might mean Huang, who has been CEO and chairman since the company was founded in 1993, vacates his seat as Nvidia CEO. On Kalshi, participants recently figured roughly 31% odds that he was out by the end of June. About 16% of Polymarket bettors think it could happen this year.
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Morningstar analysts said they “can’t rule out the investigation fading away and Nvidia returning to business as usual,” though some Congressional committees have already called for Huang to testify about the latest events.
“This is a black eye moment for Jensen and will spark multiple congressional inquiries at a minimum and will create an overhang on the stock,” Yorkville Ives analyst Dan Ives wrote in emailed comments, though he expects Huang to keep his job.
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Another chapter could come next week, when the company is set to deliver its latest quarterly results. Nvidia is the only member of the Magnificent 7 that hasn’t yet released its earnings report this quarter.
Nvidia shares, which recently traded hands at $176, have lost more than a quarter of their value since hitting a record high of around $240 in early October.
on Investopedia
Source: “AOL Money”
