Nvidia Shares Fall Over 6% on Board Probe
Nvidia's board is investigating CEO Jensen Huang over an alleged affair with Megaspeed's Alice Huang, a move that pressured the stock Monday.
Updated on Nov. 9, 2026 in Public Companies
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Nvidia shares fell more than 6% on Monday as stocks rebounded for a second session. The decline followed Sunday's news that the company's board is investigating CEO Jensen Huang over his alleged affair with Megaspeed's Alice Huang.
Why it matters
The probe involves a leadership matter at one of the most closely watched chipmakers, and it arrives as other large technology stocks advanced. Investors are weighing how the governance question affects the company's outlook.
Nvidia shares dropped more than 6% on Monday, while Meta Platforms, Amazon, Microsoft, and Alphabet all rose. The board's investigation outcome has not been disclosed.
The players
Nvidia
Nvidia is a leading designer of graphics processors and AI chips whose shares are widely tracked by investors.
Jensen Huang
Jensen Huang is the co-founder and chief executive of Nvidia, who has led the company since its founding in 1993.
The details
Nvidia's board is investigating CEO Jensen Huang over his affair with Megaspeed's Alice Huang. U.S. intelligence agencies suspect Alice Huang of being a Chinese spy, according to the reporting.
Timeline
Thursday: An intense market sell-off occurred.
Friday: The Annual Meeting for Club members was held.
Sunday: News of the board investigation into Jensen Huang broke.
Monday: Stocks rebounded and Nvidia shares fell over 6%.
Market Landscape
While Nvidia fell more than 6% on Monday, several large technology names in Jim Cramer's Charitable Trust portfolio, including Meta Platforms, Amazon, Microsoft, and Alphabet, advanced. The divergence highlights how company-specific governance news can separate a single stock from its sector peers.
Investors holding Nvidia shares face a period of price volatility while the board investigation remains unresolved. Retail investors tracking large-cap technology may need to reassess exposure based on governance developments.
The takeaway
Company-specific leadership questions can move a stock sharply even when its broader sector rises. Investors should watch for the board's findings before drawing conclusions about the impact on the company.
Further reading
Track more company-level stock moves in our Public Companies coverage.
Source note: This article includes information reported by CNBC.
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