Johnny Rice, The Motley Fool Mon, November 9, 2026 at 6:30 PM EST 2 min read NVDA -3.11% ^GSPC +2.35% ^IXIC +2.74% 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 Corporation (NASDAQ:NVDA) stock fell 4.3% on Monday, Nov. 9, after the company's board opened an investigation into its own CEO, Jensen Huang.
The S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) finished up 2.4% and 2.8%, respectively.
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On Sunday, Nvidia's board of directors said it was opening a probe into recent reports that Jensen Huang was the target of a foreign intelligence effort. In a letter to employees, the Nvidia chief admitted to intimate relations with Alice Huang, an executive of the cloud computing company Megaspeed. Alice Huang is an alleged Chinese asset, according to reporting from the New York Times (NYSE:NYT).
The board said it had no reason to believe national security or Nvidia's secrets were compromised and said that it "has confidence in Jensen and his leadership team."
The story broke at an already sensitive time for chipmakers and the AI trade. Three House Republican committee chairs have already asked Jensen Huang for a closed-door briefing on Nov. 18, and it's possible that more thorough investigations follow.
None of this is going to affect the numbers Nvidia reports this quarter, but depending on the results of the board's inquiry -- or any potential government investigations -- there could be real consequences long-term. Jensen Huang is not just any CEO.
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Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and The New York Times Co. The Motley Fool has a disclosure policy.
Why Nvidia Stock Was Down Today was originally published by The Motley Fool
