Nvidia live updates: Nvidia extends fall as board investigates CEO's affair with alleged Chinese spy Yahoo Finance Updated Tue, November 10, 2026 at 10:26 AM EST 1 min read NVDA -5.10% 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.
Yahoo Finance's Brian Sozzi weighs in on why analysts are largely silent on Nvidia amid CEO scandal.
The Information reported on Tuesday that Nvidia (NVDA) CEO Jensen Huang's relationship with alleged spy Alice Huang dates back to 2023 and enabled Chinese companies to acquire $7.5 billion worth of Nvidia chips.
According to the report, Alice Huang, her sister, and her husband built a web of companies in China and Singapore to acquire Nvidia chips. One of those companies at the center of the network is Shanghai Century Litong, a company based in China that was added to Nvidia's list of preferred cloud partners.
When the US banned the export of Nvidia's most powerful chips to China, Alice Huang helped secure 240,000 chips from distributors in China, including H100, H200, and A100 chips, according to the report.
Century Litong said the company obtained Nvidia's preferred cloud partner qualification through compliant channels.
"All business resources of our company are obtained in compliance with applicable laws and regulations," the company told The Information. "Our company has no business dealings with Ms. Huang."
Jensen Huang was Washington's loudest voice against cutting China off from American chips, and his spy scandal is now the hawks' best argument. Meanwhile, the Commerce Department hasn't added a single company to its export ban list in 13 months.
The Nvidia (NVDA) CEO admitted Sunday to an affair with Alice Huang, whom US intelligence officials believe worked for China's Ministry of State Security. Nvidia stock fell about 4% Monday, even as chip stocks (^SOX) jumped nearly 7%. That was Nvidia's worst day during a 5%-plus chip rally since Oct. 28, 1999, months after it went public.
The list in question is Commerce's Entity List. Companies on it need a US license to buy American technology, and those licenses are rarely granted. Commerce added 170 names in 2025 and 366 the year before. It hasn't added one since Oct. 9, 2025, by Yahoo Finance's count.
On Monday, Commerce extended its pause on a rule that would stretch those limits to companies majority-owned by listed firms. But only by two months, to Jan. 10, a week after a new Democratic Congress is sworn in.
"I think Commerce Department is going to batten down the hatches, and they're going to enforce export controls in a way that they weren't doing it before," Isaac Stone Fish, CEO and founder of Strategy Risks, told Deirdre Bosa on Monday.
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 (
