Catenaa, Monday, November 09, 2026- Nvidia stock tanked on Monday after CEO Jensen Huang admitted to an affair with a suspected Chinese spy, and the company’s board launched a probe.
Nvidia, which had already fallen about 22% since October 09, saw shares plunge 8% on Monday.
Nvidia faced renewed selling pressure ahead of Monday’s US trading session; Axios estimated that a decline of that magnitude would reduce the chipmaker’s market value by approximately $199 billion.
Nvidia said it has no reason to believe US national security or company secrets were compromised. In a message to employees, Huang said he had been unfaithful to his wife and took “full responsibility” for his actions
Axios reported that Monday’s move would be the equivalent of a $7.1 billion hit to Huang personally.
“This is a black eye moment for Jensen and will spark multiple congressional inquiries at a minimum and will create an overhang,” noted AI bull and Wall Street tech analyst Dan Ives, who posted to X.
The Telegraph reported that investors have questioned whether Jensen Huang should continue to lead Nvidia after admitting to the affair with Alice Huang, a Chinese businesswoman who allegedly passed information to Beijing.
Gary Black, a Managing Partner at The Future Fund, an Nvidia shareholder, told The Telegraph that he expected Huang to face pressure to resign.
Black told The Telegraph that Huang’s “code of conduct and judgment will be called into question”, probably resulting in the board removing him from post.
“I doubt Jensen Huang will be able to remain as Nvidia chief executive,” he said.
In a sign of the pressure on the Nvidia boss, other tech executives rallied to defend him publicly.
Shaun Maguire, a Partner at Sequoia Capital, a prominent Silicon Valley investment firm, said Huang’s affair was “bad for America” but argued against replacing him.
