Nvidia Shares Slip Premarket as Scandal Around CEO Jensen Huang Spreads
Nvidia shares fell about 5% in premarket trading after CEO Jensen Huang admitted a relationship with a suspected US spy. Beijing rejected the spy allegations as smears.
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what happened
Nvidia (NVDA) shares dropped roughly 5% in early premarket trading, Stocktwits reported. The move followed CEO Jensen Huang's admission of an illicit relationship with a person suspected of being a US spy, and the company's board has opened an investigation. Other chip stocks, including Intel (INTC) and AMD, also came under pressure.
China's Foreign Ministry spokesman Guo Jiakun said at a briefing in Beijing that the spy allegation is "unsubstantiated" and amounts to "smears against China." Bloomberg reported that the episode could complicate a Xi Jinping and Donald Trump meeting at the APEC summit in Shenzhen next week. Some analysts see longer-term consequences, including the possibility that Huang could lose his CEO title.
In Seoul, Nvidia, SK Telecom and the Korean chip startup Rebellions announced a partnership to build sovereign AI infrastructure based on NVLink Fusion technology.
why it matters
The episode adds uncertainty ahead of Nvidia's earnings report on November 17, when management is likely to face many questions on the matter. Public backing for Huang from Donald Trump, Elon Musk and Bill Ackman has not yet removed pressure on the stock, and investors will watch how the company answers questions about the investigation.
market impact
Nvidia and chip stocks: the CEO scandal is weighing on shares
- Nvidia shares pressure down — the CEO scandal and internal investigation add uncertainty
- US chip stocks pressure down — the market reaction to the news spread to Intel and AMD
tags
instruments
on polymarket
sources
- NVDA Stock Slides Premarket: Beijing Reportedly Rejects Jensen Huang Spy Allegations As ‘Smears Against China' — Stocktwits, 9 November 2026 at 09:14 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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