Nvidia board probes CEO after he admits affair with suspected Chinese spy
Shares fell 4.56% on Monday as the semiconductor giant diverged from broader market gains amid an investigation into Jensen Huang.
Shares fell 4.56% on Monday as the semiconductor giant diverged from broader market gains amid an investigation into Jensen Huang. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Nvidia shares dropped 4.56% on Monday to 178.14 USD after the company’s board launched an investigation into CEO Jensen Huang following reports of an affair with an alleged Chinese spy. The decline occurred while the S&P 500 rose 1.9% and the US Technology sector (XLK) gained 2.9%.
Company-specific probe drives sell-off
Bloomberg reported that the board initiated the probe after Huang admitted to the affair. Financial outlets including The Indian Express and Business Today cited the developing story as the primary driver for the decline. Falling Shares attributes the entire move to company-specific factors, estimating the company-specific component at -7.3% against a positive market backdrop.
The stock has lost 11.7% over the past five days and 22.2% over the last month. Nvidia’s market capitalisation stands at 4.30 trillion USD.
Volatility and leadership stability
Falling Shares rates the stock Unstable, citing an annualised volatility of 40.8% compared to 14.3% for the benchmark. The rating reflects four sessions with moves of 5% or more in the past six months. The stock currently sits 25.4% below its 52-week high of 243.37 USD.
24/7 Wall St. reported that odds of Huang leaving the company had hit 15%.