Catenaa, Wednesday, November 11, 2026- Nvidia stock gained 3% on Wednesday after losing about $430 billion in market cap in the first two days of the week.
Nvidia lost approximately $430 billion in market value during Monday and Tuesday’s trading sessions after shares declined 4.3% and 5.5%, respectively. The stock finished Tuesday at $168.89, about 9.5% below its Friday close, according to Yahoo Finance.
Despite Wednesday’s gain, the stock is down more than 24% since October 11, and its market cap stood at $4.19 trillion on Wednesday.
The Nvidia sell-off on Monday and Tuesday was mainly driven by reports and the acknowledgement that CEO Jensen Huang had an affair with an Nvidia Executive suspected of being a Chinese Spy.
The independent members of Nvidia’s board have retained Joon Kim, a former acting U.S. Attorney for the Southern District of New York, and his firm, Wachtell, Lipton, Rosen & Katz, to carry out the investigation it announced on Sunday, the company said Tuesday.
Nvidia is facing growing political pressure over Huang’s leadership. Republican Senator Kevin Cramer urged him to resign, citing concerns that his reported relationship could create national security vulnerabilities. Former White House economic adviser Larry Kudlow also called for Huang to step aside while investigations continue.
The controversy over Huang’s affair comes at a time when the committee led by Cramer is looking to strengthen chip export restrictions to China.
According to Politico, measures could include the AI Overwatch Act and the Chip Security Act, which is being considered for inclusion in the annual defense spending bill.
According to CNBC, Senate Democratic leader Chuck Schumer accused President Donald Trump of failing to act after being briefed on the relationship.
“What a dereliction of duty. He’s supposed to protect America, not China, not his friends.” Suchumer told the Senate floor on Tuesday, according to CNBC.
Meanwhile, Chairman of the House Select Committee on China, Rep. John Moolenaar, raised questions about whether Huang shared sensitive information with the suspected Chinese spy or whether it influenced his opposition to US restrictions on Chip exports to China, according to CNBC.
House Foreign Affairs Committee Chairman Brian Mast told ABC that Congress could subpoena Huang if he fails to respond by Wednesday to a private briefing request scheduled for November 18.
