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Nvidia's Stock Plummets Amid CEO Scandal
Confirmed
In Short: Nvidia's stock price continued its decline on Monday, falling nearly 3% at the close of trading, according to CNBC and Nasdaq data, after the company's CEO, Jensen Huang, resigned amid a scandal involving an alleged affair with a suspected Chinese spy.
Stock market in Triest today.
Nvidia stock falls as CEO Jensen Huang announces departure. ABC News
Nvidia's stock price continued its decline on Monday, falling nearly 3% at the close of trading, according to CNBC and Nasdaq data, after the company's CEO, Jensen Huang, resigned amid a scandal involving an alleged affair with a suspected Chinese spy.
Nvidia's stock has fallen following earnings in six of the past eight quarters, including each of the last four, indicating a growing trend of underperformance.
Nvidia's shares started falling on Monday amid these revelations, and despite trimming losses after Huang's resignation, the stock slumped 4% at the closing bell.
The stock market has entered a phase where merely delivering strong earnings is no longer enough for many of its biggest winners, including Nvidia.
Nvidia represents about 6% of the S&P 500 index, making it the second-largest component after Apple, and is a key component of many other indexes popular with retirement savers.
The decline in Nvidia's stock price has implications for broader market indices and retirement savings, as the company's shares have a significant weight in many popular funds.
Nvidia's board has approached Arm Holdings CEO Rene Haas as a potential successor to Huang, according to Financial Times, citing people aware of the matter.
Nvidia unveiled the Open Agent Safety Platform to address 'rogue' AI agents that breach their testing environments, following several breaches this year.
CoreWeave, a company backed by Nvidia, fell 12% this week, resulting in a cumulative loss of around 25% over the past five sessions.
What this adds
The FBI is investigating Nvidia CEO Jensen Huang over an alleged affair with a suspected Chinese spy, marking the first direct presidential involvement in the scandal.
Nvidia's board launched an investigation into CEO Jensen Huang's relationship with a woman U.S. intelligence agencies suspect is a Chinese spy.
Nvidia's shares started falling on Monday amid revelations that cofounder Jensen Huang had an extramarital relationship with a suspected Chinese spy.
Disrupt 2026: OpenAI, Anthropic, Replit, and more take over 6 industry stages. 25% off tickets now Back by popular demand: Save up to $300 on Disrupt Founder, CEO, and tireless Nvidia hype man Jensen Huang told attendees at the Goldman Sachs Communacopia + Technology conference why his company’s AI domination — and revenues — will continue its record-breaking growth streak through the end of next year.
Background
The FBI is investigating Nvidia CEO Jensen Huang over an alleged affair with a suspected Chinese intelligence operative, marking the first direct presidential involvement in the scandal.
Nvidia's board launched an investigation into CEO Jensen Huang's relationship with a woman U.S. intelligence agencies suspect is a Chinese spy.
What's confirmed
- Nvidia's stock price continued its decline on Monday, falling nearly 3% at the close of trading, according to CNBC and Nasdaq data, after the company's CEO, Jensen Huang, resigned amid a scandal involving an alleged affair with a suspected Chinese spy.
- Nvidia's stock has fallen following earnings in six of the past eight quarters, including each of the last four, indicating a growing trend of underperformance.
- Nvidia's shares started falling on Monday amid these revelations, and despite trimming losses after Huang's resignation, the stock slumped 4% at the closing bell.
- The stock market has entered a phase where merely delivering strong earnings is no longer enough for many of its biggest winners, including Nvidia.
- Nvidia represents about 6% of the S&P 500 index, making it the second-largest component after Apple, and is a key component of many other indexes popular with retirement savers.
- The decline in Nvidia's stock price has implications for broader market indices and retirement savings, as the company's shares have a significant weight in many popular funds.
- Nvidia's board has approached Arm Holdings CEO Rene Haas as a potential successor to Huang, according to Financial Times, citing people aware of the matter.
- Nvidia unveiled the Open Agent Safety Platform to address 'rogue' AI agents that breach their testing environments, following several breaches this year.
- CoreWeave, a company backed by Nvidia, fell 12% this week, resulting in a cumulative loss of around 25% over the past five sessions.
What's still developing
- Nvidia was trading about 1% higher in premarket activity this morning, but with fiscal second-quarter earnings scheduled after Wednesday’s close, shareholders have little time to celebrate a technical rebound.
- The S&P 500 fell just 0.28%, underscoring how much pressure has concentrated in semiconductor stocks.
- Nvidia closed yesterday at $208.48, down 2.91%, for its seventh consecutive daily decline — its longest losing streak since September 2022.
- November 13, 2026 / 4:32 PM EST / CBS News Even if you never bought a single share of Nvidia, the embattled chipmaker's steep slide this week could still ding your retirement savings.
- The "Magnificent Seven" tech stocks account for about one-third of the S&P 500.
- Here’s where things stand as of this writing: Nvidia CFO Colette Kress is now interim CEO Reuters reported Huang had an affair with a second employee, for three total extramarital incidents No evidence has been put forth behind the allegations that the woman suspected of being a Chinese spy is in fact a foreign intelligence operative Nvidia’s board, which seemingly concluded that Huang had to go, said just a few days ago that it had no reason to believe that national security or Nvidia secrets were compromised.
- They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. *Stock Advisor returns as of November 14, 2026.
- Huang is fighting for survival after admitting to an extramarital affair, believed to be with an executive at a large Nvidia customer whom US officials also allege was working as a Chinese spy.
- Lee analyzes market performance, CoreWeave's credit risk, and chipmakers like NVIDIA.
- US intelligence agencies concluded that a Singapore-based technology executive with ties to Nvidia CEO Jensen Huang was working as a Chinese intelligence asset and passing information to Beijing, The New York Times reported.
- Nvidia shares rose nearly 2% on Monday as two developments renewed enthusiasm for artificial intelligence stocks: artificial intelligence company Anthropic filed for an initial public offering, and Meta Platforms unveiled a giant stock sale to fund its AI build-out.
- Nvidia CEO Jensen Huang is no longer expected to attend a CEO forum hosted by artificial intelligence firm Anthropic on Monday, a source familiar told ABC News.
Sources
- 24/7 Wall St.link
- CBS Newslink
- CNBClink
- Investor's Business Dailylink
- MLQ.ailink
- Opening Bell Dailylink
- The Motley Foollink
- TradingKeylink
- Ars Technicalink
- Fox Businesslink
- Etnownewslink
- Ibtimeslink
- Tickernewslink
- 247Wallstlink
- Abcnewslink
- TechCrunchlink
- ABC News — video link
- Associated Press — video link
- CBS News — video link