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StocksMediumUpdated×8•Originally published 9 November 2026•Updated 10 November 2026•
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NVIDIA shares monitored as Jensen Huang admits to affair with suspected Chinese spy

Key Facts

1NVIDIA shares fell 6% in a Reuters update after dropping 8%, with the market value loss estimated at more than $280 billion.
2Jensen Huang owns about 3.6% of NVIDIA shares and is its fifth-largest shareholder.
3NVIDIA forecast revenue of $108.0 billion, plus or minus 2%, for the third quarter of fiscal 2027.
4NVIDIA will hold its third-quarter earnings call on November 17, 2026, at 2 p.m. Pacific Time.

NVIDIA CEO Jensen Huang admitted to having an affair with Alice Huang, the CEO of Megaspeed and a suspected Chinese spy. The admission confirms reports that have sparked market concerns regarding the CEO's diminished political standing and a potential slowdown in artificial intelligence development.

NVIDIA shares closed down approximately 4.3% on November 9, 2026, resulting in a loss of roughly $192 billion in market value. Reuters reported that the company's board continues an independent investigation led by a committee of independent directors following the disclosure.

Markets are awaiting NVIDIA's third-quarter fiscal 2027 earnings call scheduled for November 17, 2026. The company previously forecast $108.0 billion in revenue for the quarter ended October 25, 2026, an outlook that excludes data center computing revenue from China.

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