Nvidia market cap plunges $490 billion following former CEO Huang's affair scandals Daniel Howley · Technology Editor Thu, November 12, 2026 at 5:44 PM EST 1 min read NVDA -3.23% AAPL -0.03% Explore stocks 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) has shed a whopping $490 billion in market value after former CEO Jensen Huang's affair scandals shocked the tech world and beyond.
The company closed out the trading week last Friday with a market cap of $4.498 trillion. That plunged to $4.005 trillion at the end of trading Thursday. Apple's market cap stands at $5.16 trillion.
Nvidia was valued at as much as $5.75 trillion as recently as Oct. 5. But a rout in the AI trade and Huang's reported affairs have sent the company's valuation plummeting by roughly $1.75 trillion.
Go deeper with AlphaSpace 166.19 -7.54 (-4.34%) At close: November 12 at 4:00:01 PM EST 168.11 +1.92 (+1.16%) Overnight: 8:15:00 PM EST This price reflects trading activity during the overnight session on the Blue Ocean ATS, available 8 PM to 4 AM ET, Sunday through Thursday, when regular markets are closed.
Huang initially admitted to having an affair on Sunday. Though he didn't name the person, reports allege it was Megaspeed executive Alice Huang, a suspected Chinese spy.
On Wednesday, The New York Times reported that Huang had a second affair with Nvidia executive Kimberly Powell.
Huang resigned as CEO Thursday morning, and the company's board replaced him with CFO Colette Kress, who will serve as interim CEO.
Reuters has since reported that Huang was allegedly involved in a relationship with a second employee.
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley, or reach out on Signal or Telegram.
