U.S. Stocks Jump Despite Nvidia Slide Chelsey Dulaney Mon, November 9, 2026 at 12:41 PM EST 2 min read NVDA -4.82% CL=F -3.48% 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's shares are sliding after the company's board launched an investigation into reports that Chief Executive Jensen Huang had been a spying target after a romantic relationship with an executive suspected of working for Chinese intelligence.
The chip giant is on track to lose more than $200 billion in market value, making it the outlier in Monday's U.S. markets, where all three major indexes are rallying.
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Huang is one of the tech industry's most powerful leaders. He has a close relationship with President Trump and has advocated against restrictions on the company's ability to sell chips around the world, including China.
An Nvidia spokesperson said Huang is committed to staying on as CEO, but investors are questioning whether the probe could lead to his replacement. Another risk is that the incident could increase scrutiny of chip sales to China.
Meanwhile, oil prices are on course to close at their lowest level since August. On Monday, Trump is set to meet the prime minister of Qatar, one of the countries mediating between Washington and Tehran, after saying over the weekend that it was "highly unlikely" he would launch extensive new strikes on Iran.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
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