Nvidia probe pushes Microsoft past chipmaker as second most valuable firm
Shares fell 5.9% on Tuesday as the board investigated CEO Jensen Huang over an alleged spy relationship, erasing $1.7 trillion in value since October.
Shares fell 5.9% on Tuesday as the board investigated CEO Jensen Huang over an alleged spy relationship, erasing $1.7 trillion in value since October. Published 2026-11-10 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 fell 5.9% on Tuesday after the chipmaker’s board launched an investigation into CEO Jensen Huang over his relationship with an alleged spy. The sell-off erased $1.7 trillion in market value since October, pushing Microsoft past Nvidia as the world’s second-most valuable company.
Probe erases trillions in value
Nvidia’s market capitalisation dropped to $4.06 trillion following the 5.9% decline, according to Yahoo Finance data retrieved on Tuesday. The fall erased $10 billion from Jensen Huang’s personal wealth, which Forbes reported had slipped to $145.6 billion from $154 billion at the previous close. The company’s shares are now 29.7% below their 52-week high of $243.37.
The investigation centres on Huang’s relationship with an alleged spy. Motley Fool noted the magnitude of the value destruction, while MarketWatch reported that even Wall Street’s lone Nvidia bear stated forcing out the CEO would be a mistake for everyone.
Microsoft claims second place
NDTV Profit, India Today and Gulf News reported that Microsoft overtook Nvidia amid the probe. The broader market also softened, with the S&P 500 down 0.8% and the US Technology sector (XLK) falling 1.9% in the same session. Nvidia’s company-specific factor accounted for 4.1% of the total 5.9% move, according to Falling Shares move attribution data.
TIKR reported that Google, Nvidia and Microsoft were involved in a $26 billion Anthropic IPO buy, described by some as “literally feeding themselves money.”