Nvidia stock sinks 6% as chipmaker investigates CEO Jensen Huang's relationship with alleged Chinese spy Ines Ferré · Senior Business Reporter Mon, November 9, 2026 at 9:09 AM EST 1 min read NVDA -6.89% AVGO +3.17% ASML +3.89% TSM +1.80% MU +1.93% Explore stocks 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.
Nvidia (NVDA) stock fell more than 6% before the bell on Monday after the chipmaker's board announced it would investigate the relationship between CEO Jensen Huang and a woman whom the intelligence community believes could be a Chinese Spy.
In a Sunday memo to employees, Nvidia CEO Jensen Huang admitted to an extramarital affair, apologizing to his family and staff while pledging full cooperation with an independent board review. Wall Street analysts quickly flagged the heightened 'key-person risk' for the world's leading AI chipmaker.
"Jensen is the core DNA of Nvidia, and its AI success and ambitions are heavily tied to him staying on as CEO. Jensen is not replaceable," Yorkville Ives's Dan Ives wrote on Monday morning.
A look across the semiconductor sector showed the risk damage was largely contained to Nvidia. Shares of rival AMD (AMD) bounced 4%, extending gains from Friday. Broadcom (AVGO) rose 3%, while Intel (INTC) shares edged higher in premarket trading.
Shares of Taiwan Semiconductor Manufacturing Company (TSM), which manufactures Nvidia chips, rose nearly 2%, while semiconductor equipment maker ASML (ASML) also gained 3%.
Storage maker SanDisk (SNDK) moved down less than 1%. Memory chip makers Micron Technology (MU) rose more than 1%, while SK Hynix (SKHY) dropped modestly.
Other chip-related stocks include processor maker Qualcomm (QCOM) and semicondcutor designer Arm Holdings (ARM), both moving minimally in premarket.
