Nvidia Shares Drop 7.26% Amid CEO Probe and Spy Scandal
Nvidia shares fell sharply on Monday as reports surfaced regarding an investigation into CEO Jensen Huang and security concerns linked to a suspected Chinese spy.
Nvidia (NVDA) shares slumped 7.26% during trading hours on Monday, dropping to $173.09 from a previous close of $186.64. The stock moved within a day range of $172.93 to $173.12, with a trading volume of 38,162,334.
According to recent reports from Yahoo Finance and Axios, the stock decline follows revelations that CEO Jensen Huang admitted to an affair with a suspected Chinese spy, sparking security concerns and a federal probe. Despite the unfolding scandal, US President Donald Trump publicly backed the executive, stating that Huang is an honorable guy, while investors have reportedly rushed to keep the chief executive in place despite private disappointment. Additional market pressure stemmed from reports indicating that Google's chip business is advancing on a faster track than Nvidia's artificial intelligence boom.
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Key facts
- Share price: $173.09
- Daily change: -7.26% (-$13.55)
- Previous close: $186.64
- Day range: $172.93–$173.12
- Volume: 38,162,334
- 52-week range: $164.27–$243.37
- Quote time: 2026-11-09 14:32 UTC
The 52-week trading range for the semiconductor giant sits between $164.27 and $243.37. The broader market session remains open as investors continue to digest the implications of the leadership probe and competitive pressures in the AI hardware sector.
Source: bullishmarketcap.com
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