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Archived story · published November 9, 2026. Coverage reflects reporting at the time. See today's brief

Business & Finance · November 9, 2026

Nvidia stock closes lower after company opens probe into CEO Jensen Huang

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Nvidia shares closed lower on Monday following the announcement of an independent investigation into CEO Jensen Huang by the company's board of directors. The probe centers on reports of a foreign intelligence-gathering effort targeting Huang, involving an alleged relationship with a woman identified by U.S. intelligence agencies as a Chinese spy. Huang has admitted to being unfaithful to his wife in a note to employees, though the board stated it has no current reason to believe national security or company secrets were compromised. The stock's decline occurred despite a broader market surge, as investors weighed the potential impact of the controversy on the leading AI chipmaker.

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Reported by multiple outlets

  • Nvidia's board of directors opened an independent investigation into CEO Jensen Huang.
  • The investigation follows reports that Huang was the target of a foreign intelligence-gathering effort.
  • Nvidia stock closed lower on Monday while the broader market indices rose.
  • Jensen Huang admitted to having an affair in an email to staff.
  • The board stated it has no reason to believe national security or company secrets were compromised.

Reported by only some outlets

  • Jensen Huang dropped out of scheduled speaking appearances at an Anthropic CEO forum and an ElevenLabs event.
  • U.S. intelligence agencies suspect Alice Huang of Megaspeed, the woman involved in the affair, is a Chinese spy.
  • The Nvidia board investigation is being assisted by outside independent counsel.
  • President Trump reacted to the investigation and affair allegations.
  • Nvidia shares closed down 4.27% at $178.67.

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