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Nvidia Shares Plunge 8% at Open as Board Investigates CEO Jensen Huang Over Affair With Suspected Chinese Spy

By Market Flux··1 min read
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NVIDIA Corporation $NVDA

$177.50-4.90%as of publication

5D Change
-12.78%
Volume
590
vs Average
5.6×
Market Cap
$4.50T

Nvidia's board launched an independent investigation into CEO Jensen Huang after he admitted in a company-wide memo on November 8 to an extramarital affair with Alice Huang, a former executive at Singapore-based Megaspeed who US intelligence officials suspect was recruited by China's Ministry of State Security. Shares tumbled roughly 8% at the open on November 9, wiping out approximately $325 billion to $361 billion in market capitalization, extending a broader AI-sector selloff that had already stripped hundreds of billions from Nvidia's valuation the prior week.

Alice Huang, a Chinese national and former television journalist turned semiconductor power broker, helped set up Megaspeed, an Nvidia customer whose Malaysian unit purchased at least $4.8 billion in advanced AI equipment, including Blackwell GPUs, between June 2024 and February 2026. US investigators suspect some of that equipment was diverted to China in violation of export restrictions, and a US intelligence memo concluded Alice Huang was recruited to gather information on Jensen Huang and influence his advocacy for looser chip export controls. Nvidia and Huang had previously characterized their interactions as routine business meetings. A Culper Research short-seller report from May 2026 had already flagged the ties as

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Sources

  1. FinancialjuiceNvidia, Rebellions and SK Telecom announce partnership to develop sovereign AI infrastructure with Nvidia NVLink Fusion
  2. Yahoo FinanceNvidia stock sinks 5% as chipmaker investigates CEO Jensen Huang's relationship with alleged Chinese spy
  3. Crypto BriefingNvidia, Rebellions and SK Telecom team up on sovereign AI infrastructure
  4. InvestingNvidia’s out-of-hour shares fall as firm probes CEO Jensen Huang
  5. Polymarket🚨 NEW POLYMARKET: Jensen Huang divorce in 2026?
  6. CnbcHere are Monday's biggest analyst calls: Nvidia, SpaceX, Apple, Oracle, AMD, Bullish, Meta, Rollins & more
  7. Bloomberg Markets And FinanceNvidia CEO's Affair Engulfs AI Giant in Spying Probe
  8. Cointelegraph🚨 TODAY: A whale opened a 10x short on 30,000 $NVDA, worth about $5.4M, on Hyperliquid after Nvidia CEO Jensen Huang admitted to an affair.
Show 17 more
  1. BusinessJensen Huang’s admission that he’d cheated on his wife of more than four decades comes after Nvidia spent more than a year minimizing the ties that he had with Megaspeed and the woman named Huang Le who helped set it up
  2. CoinpediaKrispy Kreme Beat Nvidia? Gary Marcus Says OpenAI Could Become The WeWork Of AI
  3. BbcJensen Huang: Silicon Valley superstar engulfed by personal scandal
  4. InvezzNvidia stock falls 4% after Jensen Huang probe: is a bigger crash coming?
  5. KalshiBREAKING: New photos of Jensen Huang and the alleged Chinese spy have been revealed
  6. ReutersExplainer: What we know about Nvidia's probe into CEO Jensen Huang
  7. GFXFTs🚨 GGMA Markets Briefing: Asian Stocks Rebound, Oil Falls on Trump's Iran Comments 🌏 Asian stocks rebounded from their biggest selloff in more than 18 months, led by Taiwan after authorities curbed short selling. 🇺🇸 Nvidia's board opened a probe into whether chief executive Jensen Huang was the target of a foreign intelligence effort. 🛢️ Oil fell after President Trump said further strikes on Iran are highly unlikely if talks progress, but Marco Rubio sees no breakthrough. 🏦 Fed officials stayed firm on inflation after strong US payrolls, and ECB President Lagarde signalled that a December rate rise remains on track. 🇨🇦 Canada lost jobs for a third straight month, and the Canadian dollar had its worst week since September. 🇨🇳 China's producer prices rose at the fastest pace since June 2022, while consumer inflation slowed. Today's Macro Roadmap: Fed Vice Chair for Supervision Michelle Bowman speaks at 14:40 CET, and Chicago Fed President Austan Goolsbee speaks at 16:00 CET. ECB Executive Board member Piero Cipollone speaks at 17:00 CET, Richmond Fed President Thomas Barkin speaks at 18:15 CET, and BoE Governor Andrew Bailey speaks at 18:25 CET. Try GGMA free for 30 days, no credit card needed: Read the full article on our website for free:
  8. StaunovoTrump calls Nvidia's Huang 'honorable,' says he has not discussed allegations with him
  9. FirstSquawkCHINA FOREIGN MINISTRY SAYS ON NVIDIA'S JENSEN HUANG FOREIGN SPYING PROBE: SO-CALLED CHINESE SPY NARRATIVE IS COMPLETELY UNSUBSTANTIATED
  10. ETMarkets#Nvidia stock in focus: 3 key risks after Jensen Huang probe
  11. Sino_Market🇨🇳Foreign Ministry: China’s stance on US chip shipments to China is consistent At a Nov. 9 briefing, Foreign Ministry spokesperson Guo Jiakun was asked by AFP about a Reuters report that 600,000 advanced NVIDIA chips were in Hong Kong and poised for shipment to mainland China, with mainland import approvals reportedly under way. Guo said China’s position on US exports of chips to China is consistent and advised asking the competent Chinese authorities for details. ( )
  12. BitcoinBitcoin Price Drops Below $74,000 as Liquidations Top $1 Billion
  13. EuronewsTech firms rose on Monday to claw back some of last week's painful losses fuelled by AI regulation worries, though traders were keeping an eye on a probe into Nvidia boss Jensen Huang.
  14. _MorkieNvidia board launches an independent investigation after CEO Jensen Huang admits to an affair with a businesswoman suspected of Chinese intelligence ties.
  15. LiveSquawkImage Attribution: 1. Photo: "White House" by Tom Lohdan · CC BY 2.0 · (resized) 2. Photo: "Marco Rubio and Barbara Lagoa" by Office of Senator Marco Rubio · Public domain · (resized) 3. Photo: "IMG_7175 Flow on Qeshm Island" by Ninara · CC BY 2.0 · (resized) 4. Photo: "Aerial Closeup of the Pentagon, May 11, 2021" by Air Force Staff Sgt. Brittany A. Chase, DOD · Public domain · (resized) 5. Photo: "Crude oil tanker Navion Oslo" by hemkes · CC BY 2.0 · (resized) 6. Photo: "Riyadh Skyline New" by mo-- (Talk · Public domain · (resized) 7. Photo: "Moscow Kremlin, views from Sofiyskaya Embankment, Nov 2025 03" by Retired electrician · CC0 · (resized) 8. Photo: "United States Flag" by robert.claypool · CC BY 2.0 · (resized) 9. Photo: "EZB, Frankfurt, from east" by Gerda Arendt · CC0 · (resized) 10. Photo: "Allocution Christine Lagarde, Rencontres économiques d'Aix-en-provence 2013" by Labraxa · CC0 · (resized) 11. Photo: "Eurofighter Typhoon Luftwaffe 30+90" by Clemens Vasters · CC BY 2.0 · (resized) 12. Photo: "JobCentre Plus - frontage" by lydia_shiningbrightly · CC BY 2.0 · (resized) 13. Photo: "Port of Los Angeles sunrise" by wirralwater · CC BY 2.0 · (resized) 14. Photo: "Chinese factory workers, China -" by author not stated on source · CC0 · (resized) 15. Photo: "JAPAN YUAN NOTE" by brucedetorres@gmail.com · Public domain · (resized) 16. Photo: "Josep Borrell with NVIDIA CEO and founder Jensen Huang (2024)" by © European Union, 2026 · CC BY 4.0 · (resized) 17. Photo: "Lagoon Creek Combustion Turbine Plant" by Tennessee Valley Authority · Public domain · (resized) 18. Photo: "Wall Street-William Street II" by No machine-readable author provided. Pacific Coast Highway assumed (based on copyright claims). · Public domain · (resized) 19. Photo: "Pepper at Opening Ceremony of the 28th Tokyo International Film Festival" by Dick Thomas Johnson · CC BY 2.0 · (resized) 20. Photo: "Hangzhou, China—home to approximately 13 million people (iss073e0420079)" by NASA Johnson Space Center · Public domain · (resized)
  16. UtodayNvidia Hit With $5.4 Million Leveraged Short on Hyperliquid
  17. FINANCIERNEWSNvidia Whale Opens $5.4 Million Leveraged Short on Hyperliquid 🐋 A trader opened a 10x leveraged short on 30,000 NVDA contracts worth about $5.44 million on Hyperliquid, entering near $181.33 per contract and posting roughly $544,000 in collateral. $NVDA