Nvidia Shares Hit 7-Month Low as Jensen Huang Faces Intelligence Probe
Nvidia‘s board has launched an investigation into CEO Jensen Huang following intelligence concerns linking the executive to a Chinese businesswoman, triggering a seven-month low for company shares on Monday, November 9, 2026. Financial markets and US lawmakers are now scrutinizing the tech executive as political questions mount over his deep ties to the Trump administration.
Lawmakers Demand National Security Reviews Following Intelligence Reports
Senator Chris Coons called for a formal congressional inquiry to determine whether national security was compromised by the relationship. The board investigation stems from a *New York Times* report indicating Huang maintained a close relationship with a businesswoman whom US intelligence officials believe passed information to Beijing. President Donald Trump was reportedly briefed on the intelligence but chose not to act on the information. Neither the White House nor Nvidia’s communications team immediately responded to requests for comment regarding the probe.
Huang has emerged as one of Silicon Valley’s closest allies to the administration since 2025, accompanying Trump on Air Force One to China in May and committing $25 million toward a planned White House ballroom. That relationship has coincided with notable regulatory shifts, including the administration’s decision in December 2025 to permit the export of H200 AI processors to China under a 25% fee structure, alongside earlier rollbacks on chip export restrictions. Trump was awarded the nation’s highest honor for scientific achievement by the administration in October, on the same day the president disclosed trading Nvidia stock over the summer. Despite the mounting scrutiny, Trump defended Huang, describing him as an honorable man who had not been directly spoken to regarding the allegations.
