By Corbin Bolies
Publication Date: 2026-11-10 18:30:00
Nvidia shares continued to decline on Tuesday as the chipmaker responsible for much of the infrastructure behind the AI era dealt with the fallout over CEO Jensen Huang‘s admitted affair with an alleged Chinese spy.
The share price was trading around $166.70 as of noon on Tuesday, down roughly 6% from market open that day and reaching its lowest share price since March. The continued decline followed the CEO’s admission on Sunday that he had an affair with Alice Huang, a former executive at the Singaporean AI computing company Megaspeed who the New York Times reported was recruited by China’s Ministry of State Security to spy on the executive and learn more about Nvidia’s AI chips.
Huang’s admission prompted Nvidia’s board of directors to launch an independent investigation into its CEO, though it claimed it had “no reason to believe that either national security or Nvidia secrets were compromised.” Huang will continue to lead the company throughout the inquiry, which he “fully supports…and has committed to cooperating with,” the company said. Huang initially denied any wrongdoing related to Alice Huang. The two are not related.
The stakes for Nvidia and the AI world are extensive, particularly as the company faces no apparent succession plan, a federal investigation and a federal securities fraud class-action lawsuit. Huang, who co-founded Nvidia in 1993 as a graphics chip provider for video games, grew it into one of the…
