Nvidia scandal live updates: Nvidia stock falls as tech leaders, Trump weigh in on CEO Jensen Huang's affair with alleged Chinese spy Yahoo Finance Mon, November 9, 2026 at 10:14 AM EST 1 min read NVDA -4.01% 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.
Nvidia (NVDA) stock faced growing pressure on Monday morning after the chipmaker's board launched an investigation into CEO Jensen Huang's extramarital affair, which is believed to have been with alleged Chinese spy Alice Huang.
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote in a memo to employees.
Given the size and importance of Nvidia in the stock market today, the revelation marks one of the biggest CEO-personal conduct scandals in history. It also highlights Nvidia's key-person risk and uncertain succession plan as questions swirl about whether the board will ask Huang to step down.
The news has drawn immediate and varied reactions from leaders ranging from the US president to other CEOs. President Trump stood by Huang, calling him "an honorable guy," but other members of the president's party are expected to put more scrutiny on the company.
In a statement on Sunday, Nvidia's board said it has "no reason to believe that either national security or Nvidia secrets were compromised."
Follow along for live updates and reactions.
Nvidia stock dropped 4% in early trading on Monday following the news of CEO Jensen Huang's affair, as well as news of two new AI chips from Alphabet (GOOG, GOOGL) that compete with Nvidia's offerings.
Shares of the once-Teflon chip giant are now in the red for the year. Over the past month, Nvidia stock sank 21% amid an AI stock rout.
Other chip stocks, including AMD (AMD), Broadcom (AVGO), Intel (INTC), Sandisk (SNDK), and Micron Technology (MU), were unscathed on Monday morning, rising along with broader markets.
Go deeper with AlphaSpace 179.15 -7.49 (-4.01%) As of 10:15:23 AM EST. Market Open. 11 mins ago Grace O'Donnell Here's the full memo Nvidia CEO Jensen Huang sent to employees On Sunday, Nvidia CEO Jensen Huang emailed employees, admitting to having an affair.
Huang's two children, Madison Huang and Spencer Huang, also work at Nvidia.
Nvidia's (NVDA) board is launching an independent investigation into reports that a woman CEO Jensen Huang was having an affair with was allegedly spying on him for the Chinese government.
In an email to employees Sunday, Huang admitted to having an extramarital affair.
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote.
"To my colleagues at Nvidia, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading Nvidia is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to Nvidia and will work to earn back your confidence," the CEO added.
In a statement Sunday, the board said it "a committee of independent directors, assisted by outside independent counsel, will oversee the investigation" into the matter.
"While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information," the board said in a statement.
