Chip Giant Erases $400 Billion as Board Inquiry Triggers Market Sell-Off
Nvidia shares fell 6.3 percent on November 10, 2026, pulling the firm down to third among the world’s most valuable public companies behind Apple and Microsoft. Tech investors and global market participants offloaded stock as scrutiny mounted over chief executive Jensen Huang following his acknowledgment of an affair with an alleged Chinese spy.
Market Cap Plunges Below Industry Leaders Following Lisbon Web Summit Fallout
The chipmaker’s valuation sank by more than $400 billion since weekend revelations emerged, leaving Nvidia shares trading at $167.35 near 1715 GMT on Tuesday. Executives attending the Web Summit tech conference in Lisbon highlighted potential commercial opportunities emerging from the turmoil, as market pressure on the artificial intelligence hardware leader builds ahead of its scheduled earnings announcement.
