StocksMediumUpdated×7•Originally published 9 November 2026•Updated 9 November 2026•
1 min read
Nvidia Stock Plummets as Huang Admits Conduct Amid $335 Billion Market Cap Wipeout
Key Facts
1Nvidia shares fell 3.8% during the Monday, November 9 session.
2The stock closed down $14.27 at $172.37.
3The board announced on November 8, 2026, that it had opened an independent investigation into reports that Jensen Huang was targeted.
4Huang owns about 3.6% of Nvidia.
Nvidia CEO Jensen Huang admitted his personal conduct to employees, leading to a $335 billion wipeout in the company's market capitalization. The company's market value fell to $4.16 trillion following the admission, which came after reports alleging a relationship with a suspected spy.
Nvidia shares fell 8.4% to reach a seven-month low of $170 during trading on November 9, 2026. While Nvidia was trading at this level, peers AMD and CoreWeave saw gains of 9.5% and 6.4% respectively on the same day, as the board continues its independent investigation launched on November 8, 2026.