Nvidia stock drops 6%, extending decline on report alleged Chinese spy linked to Nvidia CEO aided $7.5 billion in China chip shipments Ines Ferré · Senior Business Reporter Tue, November 10, 2026 at 12:29 PM EST 1 min read NVDA -6.23% 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 extended its decline Tuesday, falling as much as 6% after dropping 4% in the prior session. The stock came under pressure amid a broader market sell-off and growing concerns about increased scrutiny of the chipmaker following CEO Jensen Huang's admission to an affair believed to involve a woman suspected of being a Chinese spy.
The scrutiny could center on Megaspeed, the Singapore-based company where Alice Huang previously worked, and on whether she helped divert restricted Nvidia chips to China. The Information reported Tuesday that at least $7.5 billion worth of Nvidia hardware had been shipped to Chinese companies through a network linked to Alice Huang since 2023, citing two people familiar with the matter.
On Monday, US House Democratic Leader Hakeem Jeffries said Congress needs more answers about the matter, adding that there are "real concerns that need to be addressed with respect to the Nvidia situation."
President Trump, meanwhile, told reporters that the FBI was looking into Huang's relationship, while still expressing support for the Nvidia CEO.
"We'll look into it," said Trump. "I know the FBI is looking into it in terms of something else, and I think that he'll be in good shape."
Go deeper with AlphaSpace 167.53 -11.14 (-6.23%) As of 12:30:41 PM EST. Market Open. The broader semiconductor sector held up on Tuesday despite a broader market sell-off after a hotter-than-expected October inflation reading, which strengthened expectations for a rate hike next month.
Shares of rival AMD (AMD) rose 4%, extending Monday's gains. Broadcom (AVGO) also gained 4%, while Intel (INTC) was little changed.
Taiwan Semiconductor Manufacturing Company (TSM), which manufactures Nvidia chips, rose, while semiconductor equipment maker ASML (ASML) also gained modestly.
Storage maker Sandisk (SNDK) and memory chipmakers Micron Technology (MU) and SK Hynix (SKHY) were little changed.
