Nvidia Falls Nearly 7.5% at Open, Erasing US$335 Billion Before Paring Losses
NEW YORK, November 10, 2026 — Nvidia shares plunged nearly 7.5% in early trading on Monday, temporarily wiping approximately US$335 billion from its market value, after the company announced an independent investigation into whether Chief Executive Jensen Huang had been targeted by a foreign intelligence operation.
The stock fell to US$172.75 from Friday’s close of US$186.64 before recovering some ground. Shares ended Monday at US$178.67, down approximately 4.3%, leaving a closing market-value loss of around US$190 billion. abcnews.com
Nvidia’s board announced the investigation on Sunday following reports concerning Huang. A committee of independent directors, supported by external legal advisers, will oversee the review. Statement from NVIDIA Board of Directors
The board said it had no reason to believe that US national security or Nvidia’s confidential information had been compromised. It expressed confidence in Huang and his leadership team, adding that he supported the investigation and would cooperate fully. Statement from NVIDIA Board of Directors
Reuters reported that the inquiry followed allegations involving Huang’s relationship with Alice Huang, a former executive at Singapore-based Megaspeed. Huang acknowledged infidelity in a message to employees. The intelligence-related allegations remain under investigation. live
The controversy adds uncertainty for the AI chipmaker following a broader selloff in technology shares, as investors reassess the sustainability of AI spending and elevated valuations.
The estimated US$335 billion decline at the opening reflected a change in the quoted value of Nvidia’s shares, rather than a direct cash loss to the company.
