Archive photo: Jensen Huang at the inaugural K. T. Li Award ceremony on November 9, 2023. Photo: Presidential Office of Taiwan / Wikimedia Commons, CC BY 2.0. Cropped from the original; no additional edits.
By Tito Baron Media News Desk | November 11, 2026
Share-price figures in this report are regular-session closing prices through November 10, 2026, not live quotes.
Nvidia has hired outside lawyers to investigate whether chief executive Jensen Huang was targeted by a foreign intelligence operation, following his admission of infidelity and reports linking him to a woman suspected of working for China.
The company’s independent directors said on November 10 that they had retained former acting U.S. Attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz to conduct the review. The appointment follows the investigation announced two days earlier. Nvidia’s announcement
The scrutiny comes during a sharp decline in Nvidia’s shares. The stock closed at US$168.89 on Tuesday, November 10, down 18.29% from its November 3 close. The price movement spans five trading sessions and should not be read as a measure of the affair’s impact alone.
What Huang has admitted
In a November 8 message released by Nvidia, Huang apologized to his family and colleagues, saying: “I was unfaithful to my wife.” He said he supported the board’s investigation and would cooperate fully. His message did not name the other person or confirm the espionage allegation. Huang’s message
News reports identify the woman as Alice Huang, an executive associated with Singapore-based data-centre company Megaspeed, a customer of Nvidia. She is not related to Jensen Huang. ABC reported, citing earlier reporting by The New York Times, that U.S. officials had concluded she was a Chinese intelligence asset. China’s foreign ministry rejected the spying allegations as unsubstantiated. ABC’s account; Reuters reporting
Nvidia’s board said it had no reason to believe that U.S. national security or company secrets had been compromised. It also expressed confidence in Huang and his leadership team, while saying the inquiry would examine all available information. Those statements describe the board’s position as the investigation begins, rather than the findings of a completed review. Board statement
How Nvidia shares moved
NVDA ended November 9 at $178.67, down 4.27% for the day, and fell another 5.47% to $168.89 on November 10. Together, those two sessions produced a 9.51% decline from the previous Friday’s close.
| Trading date | Closing price, US$ |
|---|---|
| October 30, 2026 | $204.64 |
| November 2 | $202.06 |
| November 3 | $206.69 |
| November 4 | $200.13 |
| November 5 | $181.60 |
| November 6 | $186.64 |
| November 9 | $178.67 |
| November 10 | $168.89 |
The previous calendar trading week, November 2–6, ended 8.80% below the October 30 close. Across the latest five completed sessions, November 4–10, the decline was $37.80 a share, or 18.29%, measured from the November 3 close. These are different periods, not competing estimates. Prices were checked against Stock Analysis and ChartExchange.
Some of the losses preceded Huang’s November 8 admission. The closing-price record establishes the size and timing of the decline; it does not establish how much any one development caused.
Congress and shareholders seek answers
Three House committee chairmen requested a joint, closed-door briefing with Huang about Nvidia’s security safeguards and his interactions with Alice Huang. Their November 4 letter proposed November 18 for the briefing and requested a response by November 11. The letter is a request, not confirmation that the appearance will take place. Congressional letter
Separately, Reuters reported that a proposed shareholder class action filed on November 9 accused Nvidia and Huang of concealing the relationship and its potential business and national-security consequences. Those claims are allegations in a lawsuit, not findings of wrongdoing. Reuters said Nvidia did not immediately respond to its request for comment. Reuters on the lawsuit
Nvidia is scheduled to discuss its next quarterly results on November 17 at 5 p.m. Eastern. The financial results and the board’s investigation are separate developments to watch as investors assess the company’s business and leadership. Earnings-call announcement
Leave a Reply