The key facts
- On November 9, Nvidia shares fell to $177.82, down about 4.7% from the previous close
- The board of directors launched an independent review of possible activities by foreign intelligence services in Huang's circle
- The company said it had not yet found signs of a leak of confidential data
Share decline and investor concerns
Nvidia shares fell noticeably on the NASDAQ exchange on November 9, 2026: during trading, the stock price dropped to $177.82, roughly 4.7% below the previous close. This was reported by Life.ru, citing the market's reaction to the scandal surrounding the company's CEO Jensen Huang.
What is known about the investigation
The scandal was triggered by an investigation by The New York Times: according to the newspaper, Huang was in a close relationship with businesswoman Alice Huang, who previously worked at the Singapore-based company Megaspeed. American intelligence agencies suspect her of passing information to Chinese state structures; these allegations have not yet been proven. The Nvidia chief himself admitted infidelity to his wife and apologized to his family and employees, while the company's board of directors launched an independent review of possible activities by foreign intelligence services in his circle.
Why this matters for the market
As The Wall Street Journal notes, market participants fear that the scandal could end with Huang's resignation. In addition, the situation could draw extra attention from US authorities to the supply of advanced chips to China — Nvidia holds an important place in the market for AI processors, and its chief has repeatedly advocated maintaining access to the Chinese market. Earlier, the company said it had not yet found signs of a leak of confidential data, and Huang promised to cooperate with the review and continue leading the corporation.
