Nvidia Shares Slide 5.5% As Board Probes CEO Jensen Huang

Share on:

MDT News Desk November 10, 2026

Nvidia Shares Slide 5.5% Following Board Probe Into CEO Jensen Huang

Nvidia shares fell 5.5 percent on Monday after the chipmaker’s board opened an independent inquiry into chief executive Jensen Huang over reports he was targeted by a foreign intelligence operation. Technology investors and equity markets saw stock value erode as the company addressed allegations involving a relationship between Huang and an executive linked to a Singapore-based data center firm.

Board inquiry opens over foreign intelligence reports

Shares of the artificial intelligence chipmaker lost nearly nine percent in early session trading before settling down 5.5 percent near 1610 GMT.

Also ReadDonald Trump labels AI takeover fears a hoax in surprise call

The scrutiny arrives as the United States maintains strict export controls on cutting-edge silicon chips to China to preserve its competitive position in artificial intelligence development.

💡 Quick FAQ & IntelligenceTap to Expand

Q: Why did Nvidia shares drop on Monday?

Also ReadNvidia CEO Jensen Huang Target of US Spy Probe Into China

Nvidia stock fell 5.5 percent after the company's board launched an independent investigation into chief executive Jensen Huang following reports that he was the target of a foreign intelligence effort.

Q: What is Nvidia's board investigating regarding Jensen Huang?

The inquiry is examining available information related to reports about Huang's relationship with an executive linked to Megaspeed, a Singapore-based data center company, though the board stated it has no reason to believe national security or company secrets were compromised.

Q: How did Chinese officials react to the intelligence reports?

Foreign ministry spokesman Guo Jiakun dismissed the allegations, stating that the narrative regarding a Chinese spy was entirely baseless smearing.