Nvidia’s stock slides as questions swirl around Jensen Huang’s future as CEO

Updated on: November 9, 2026 / 10:07 AM EST / CBS News

Nvidia's stock price dropped in early trading on Monday amid questions about CEO Jensen Huang's future at the chipmaker, following the board of directors' investigation into allegations that China targeted him in an intelligence operation.

The investigation is raising concerns about Huang's role at the company, which he co-founded and helped build into the world's second-most valuable company, with a $4.5 trillion valuation. Nvidia is barred from selling its high-end chips, specifically designed to power artificial intelligence models, to China due to competitive concerns.

Nvidia shares sank $10.40, or 5.7%, to $176.24 shortly after markets opened for the day.

The allegations center around reports that Huang had a close relationship with Alice Huang, who U.S. intelligence officials believe was a spy for China's Ministry of State Security, the country's main intelligence agency. On Sunday, Nvidia's board said it is starting an "independent investigation" into the allegations, sparking questions about the CEO's future with the company.

"This is a black eye moment for Jensen and will spark multiple congressional inquiries at a minimum and will create an overhang on the stock for a myriad of reasons," Dan Ives, a…

Original source: https://www.cbsnews.com/moneywatch/