Nvidia shares slide as chipmaker probes CEO foreign intelligence claims
The stock fell in premarket trading after the company announced an investigation into reports that CEO Jensen Huang was targeted by foreign intelligence.
The stock fell in premarket trading after the company announced an investigation into reports that CEO Jensen Huang was targeted by foreign intelligence. Published 2026-11-09 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
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Nvidia shares slid in premarket trading on Monday after the chipmaker announced it would launch an investigation into reports that CEO Jensen Huang was the target of a foreign intelligence effort.
Probe follows spy allegations
Nvidia said it would open an inquiry after media reports suggested the chief executive had been the target of a foreign intelligence operation. The Wall Street Journal reported the news on Monday, noting the stock declined as the market assessed the potential consequences of the probe.
Shares fell before the market open as investors reacted to the announcement. The company did not provide further details on the scope or timeline of the investigation in the initial reports.
Valuation falls from peak
The selloff adds to a recent decline in the company's valuation. Nvidia’s market value has fallen significantly since peaking on October 6, according to data cited by the Wall Street Journal.
The drop contrasts with broader market movements, as the Dow Jones Industrial Average gained more than 600 points on the same day. Nvidia’s performance highlighted the specific pressure facing the chip giant amid the new governance concerns.