EL7.AI
StocksMediumUpdated×3•Originally published 10 November 2026•Updated 10 November 2026•
1 min read

FBI Probe Into Nvidia CEO Includes $7.5 Billion in Chip Sales to China

Key Facts

1Trump said on November 9 that the FBI was looking into the matter related to Huang.
2Nvidia shares fell more than 4% on November 9.
3Nvidia shares fell 23% in the 30 days ended November 9.
4Shareholders filed a proposed class-action lawsuit against Nvidia and Huang on November 9.
5Nvidia will hold its fiscal 2027 third-quarter earnings conference on November 17.

The FBI investigation into Nvidia CEO Jensen Huang includes a report regarding $7.5 billion in chip sales to China. This development follows Nvidia shares closing at $178.67 on November 9, 2026, after Bank of America removed the company from its top stock list. The financial pressure resulted in a $6.5 billion drop in Huang's net worth on the same day.

Nvidia's board has opened an independent investigation into reports that Huang was targeted by foreign intelligence, though it stated no company secrets were compromised. China's Foreign Ministry rejected the claims as a smear campaign, while shareholders filed a class-action lawsuit in San Jose accusing the company of misleading disclosures. The stock had already lost 23% of its value in the 30 days leading up to the November 9, 2026 close.

Nvidia is scheduled to hold its fiscal 2027 third-quarter earnings conference on November 17, 2026, to discuss results for the period ended October 25. This event will serve as a key milestone for investors seeking clarity on the independent probe and the potential impact of the $7.5 billion China sales report on AI chip export restrictions.

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