Nvidia live updates: Nvidia stock falls 5% as board investigates CEO's affair with alleged Chinese spy Yahoo Finance Updated Mon, November 9, 2026 at 11:50 AM EST 1 min read NVDA -5.48% 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.
SpaceX (SPCX) and Tesla (TSLA) CEO Elon Musk has publicly expressed support for Nvidia CEO Jensen Huang after he admitted to an extramarital affair and the company's board announced an independent investigation into whether he had been targeted by a foreign intelligence effort.
Musk wrote "I agree" when responding to a post on Sunday night written by Shaun Maguire, a partner at Sequoia Capital and prominent technology investor.
Macquire said, "Jensen is one of the greatest entrepreneurs of this generation," and added, "he did something incredibly dumb," but added, "two mistakes don't make a right, and I believe Jensen is irreplaceable for America's AI leadership."
Wall Street sees congressional scrutiny ahead for Nvidia given national-security concerns stemming from reports that US intelligence officials believe the woman Huang was romantically involved with, Alice Huang, was working for Chinese intelligence.
Nvidia's board has said it has no reason to believe that national security or company secrets were compromised, but will investigate the matter.
Nvidia (NVDA) stock is under fire over CEO Jensen Huang's acknowledged affair with Alice Huang, who is suspected of being a spy for Chinese intelligence. The company's board is launching a probe into the affair. Yahoo Finance Executive Editor Brian Sozzi shares some of his thoughts and outlines the importance of a succession plan.
"Chip War" author Chris Miller chats with Yahoo Finance Breaking Business News Reporter Jake Conley about his expectations for the US government's response and Congress's closed-door briefing.
Wall Street has priced plenty of CEO scandals. It has never priced one at a company worth $4.5 trillion that makes up nearly 7% of the S&P 500 (^GSPC).
The scale is hard to overstate. At Friday's close, Nvidia was worth about four times the nine biggest companies ever hit by CEO personal-conduct scandals combined, by Yahoo Finance calculations. The largest, Intel (INTC), was worth $249 billion when Brian Krzanich resigned in 2018 over a past consensual relationship with an employee. Nvidia is about 18 times that.
This is key-person risk — the danger that a company's value rests on one person — at its most extreme. Huang co-founded Nvidia in 1993 and has run it ever since, with no named successor.
Adjust for a bigger stock market, and the gap narrows but doesn't close. No earlier scandal-hit company made up more than about 1% of the S&P 500, a mark only Intel in 2018 and HP (HPQ) in 2010 reached. Nvidia is about seven times that.
History puts a price on it. A 2018 study in the Journal of Financial Economics found stocks fell about 4% on average when the CEO was the one caught. At Nvidia's size, that's roughly $185 billion, more than McDonald's (MCD) was worth when it fired Steve Easterbrook in 2019.
President Trump defended Jensen Huang on Sunday night, calling the embattled Nvidia chief "an honorable guy." But members of the president's own party have signaled they could offer more pointed questioning even before the Democrats take power on Capitol Hill in January.
Trump told reporters he thinks Huang should stay on as CEO, adding that he would even be open to having him along for a trip scheduled for next week to Shenzhen, China.
"I think he probably has an excuse for it," Trump said after Huang admitted to an extramarital affair with an alleged Chinese spy. "He's done an amazing job for our country."
Other Republicans have suggested they might be more critical.
Last Thursday, three influential House Republicans requested that Huang voluntarily appear for a closed-door briefing on his interactions with Megaspeed executive Alice Huang, with whom Jensen Huang has now admitted to having an affair.
"It is vital that Congress determines the extent to which U.S. national security has been placed at risk," the leaders wrote in a letter asking Huang to appear by next week or provide an alternative date by this Wednesday.
The committee didn't offer immediate comment on Monday morning about whether that would change, but other lawmakers weighed in on the quickly growing scandal. Lawmakers are returning to Washington this week following the election recess.
Outgoing Texas Sen. John Cornyn posted "Congressional oversight investigation needed."
Some members of Trump's team are also reportedly more wary of Huang. Secretary of State Marco Rubio reportedly personally oversaw a classified intelligence memo earlier this year that warned senior officials about potential issues, according to The New York Times. Read more.
Nvidia's (NVDA) board of directors has launched an independent investigation into reports that a woman CEO Jensen Huang had an affair with was allegedly spying on him for the Chinese government.
Huang admitted to the affair on Sunday in an email to employees.
Shares fell 5% in early trading on Monday as a dark cloud settled over Nvidia and its once-Teflon CEO's future.
Go deeper with AlphaSpace 176.42 -10.22 (-5.48%) As of 12:00:21 PM EST. Market Open. It also puts a spotlight on how far the stock has fallen from Wall Street's good graces in recent months.
For a high-growth play on the future of AI, Nvidia's stock was already trading like a run-of-the-mill S&P 500 member that sells construction equipment or packaged food.
There are several drivers behind Nvidia's PE meltdown. Read more.
The Nvidia (NVDA) story has been led by Jensen Huang since the company's founding in 1993, sketched out on a napkin at a Denny's.
Huang's passion for computing chips (first gaming chips, now AI chips) was on display in an endless stream of interviews, in his signing autographs for enthusiastic fans on his world travels, and in his fried chicken dinner with fellow tech titans overseas that went viral.
His star power was evident in the curiosity among the crowds at the annual GTC event about which black leather jacket he would wear on stage to pump up the future of AI.
The market's infatuation with Nvidia has gone hand in hand with its infatuation with Huang and the technology he pioneered, which helped create one of the world's most valuable companies.
Huang is like Nvidia's sun — the center around which the whole show runs.
But a fresh scandal involving the most visible CEO in the world has raised a valid question among investors, perhaps for the first time ever.
What in the world is Nvidia's succession plan? Does one even exist?
"Every high-profile company carries key-person risk, and Nvidia is no exception," FedWatch strategist Ben Emons said. "While Jensen Huang's full cooperation suggests, in my view, that he has little reason to conceal information and likely did not share sensitive data with the alleged spy, the initial cover-up and later disclosures will still likely weigh on investor confidence."
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 176.42 -10.22 (-5.48%) As of 12:00:21 PM EST. Market Open. Today at 3:04 PM UTC 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.
