Nvidia live updates: Nvidia extends fall as board investigates CEO's affair with alleged Chinese spy Yahoo Finance Updated Tue, November 10, 2026 at 7:56 AM EST 1 min read NVDA -0.64% 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 continued to face pressure on Tuesday 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.
Trump also stated on Monday that the FBI was looking into Huang's relationship.
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.
A big valuation haircut could be coming to what was once the world's most valuable company by market cap, Nvidia (NVDA), if newly embattled CEO Jensen Huang is forced to leave.
"We believe if Jensen was removed as CEO, Nvidia is worth a lot less (25%-30%) as a company/stock and would change the future direction of the company and create a dramatically different competitive environment around AI GPUs both in the US and globally especially for China," Yorkville Ives partner and veteran tech analyst Dan Ives said on Tuesday.
Nvidia stock fell 4.27% on Monday as a dark cloud settled over Nvidia and its once-Teflon CEO's future. Shares fell slightly in pre-market trading on Tuesday.
Added Ives, "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..there is no other person on the management team bench that can step in seamlessly as CEO and that speaks to the key man risk now with Nvidia that investors will factor this dynamic to the stock."
If the Wall Street analysts who power consensus estimates are concerned about Nvidia (NVDA) CEO Jensen Huang's shocking affair with an alleged Chinese spy, they sure aren't showing it.
In its earnings preview on Nvidia (NVDA) released Monday at 5 a.m. ET, Goldman Sachs analyst James Schneider didn't mention the issue once, even though it erupted over the weekend.
Citi analyst Atif Malik offered no opinion on the matter in a note out Tuesday, beyond outlining what investors are thinking.
"For investors, key issues are likely potential governance implications, increased regulatory scrutiny and export-control compliance of the flow of H200 chips into China (
