Nvidia shares sink as board launches probe into Jensen Huang's affair Ben Berkowitz Mon, November 9, 2026 at 5:23 AM EST 1 min read NVDA -4.46% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Shares in Nvidia slumped early Monday morning after CEO Jensen Huang admitted an affair and the company's board launched a probe into that relationship with a suspected Chinese spy.
Why it matters: The global AI economy revolves around a few companies, Nvidia most prominent among them.
Very little of consequence happens in AI without Nvidia's involvement, and that usually means the imprint of Jensen Huang himself.
By the numbers: Nvidia shares were off 4.4% in premarket trading as of 5:15 a.m. ET Monday, on a day that tech stocks were otherwise broadly higher.
That would represent a loss of about $199 billion in regular trading.
It's a relatively small move for the world's second-largest company by market capitalization — but a blow nonetheless to investors.
Through Friday, the stock had already lost 13% of its value since the initial reports that the U.S. government was concerned about Jensen Huang's relationship with Asian tech executive Alice Huang.
Stunning stat: Monday's move would be the equivalent of a $7.1 billion hit to Huang personally.
What to watch: Given how central Nvidia is to the AI ecosystem, its weakness could reverberate in coming days.
"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 posted to X.
AI is moving fast. Axios AI+ keeps you ahead. Sign up free at Axios.com.
