Nvidia Slides Again as a New Report Deepens the Scandal Around CEO Jensen Huang

Nvidia shares fell again on Tuesday, 10 November 2026, closing down 5.5% at $168.89 after a fresh report deepened a scandal around its chief executive, Jensen Huang. The move extended a sharp sell-off that has wiped out the chipmaker's gains for the year and pulled it roughly 30% below the record high it set in early October.

What the report alleges

The latest fall followed a report by The Information that Huang's relationship with an alleged Chinese intelligence asset may have helped move at least $7.5bn of chips over several years to Chinese firms, some of them barred from buying the hardware. Reuters said it could not independently verify the report, and nothing has been proven. Nvidia has not confirmed the account.

The political pressure is building quickly. Three US House committees have asked Huang to respond to a briefing request, and congressional Republicans have raised the prospect of a subpoena if he does not. For a company whose China sales already sit at the centre of US export-control policy, a national-security question about its founder is a new kind of risk.

A sell-off that started earlier

The scandal is not the only thing weighing on the stock. On 5 November, Nvidia dropped about 9% during a broad sell-off in AI chip names, on a day the S&P 500 fell around 4.4% after hotter-than-expected US inflation data. The company issued no announcement of its own that day.

Even after the slide, Nvidia remains one of the world's most valuable companies, with a market value around $4tn. Its 52-week trading range now stretches from about $164 to $243, a reminder of how far and how fast the shares have moved.

Why a chip stock matters to crypto and markets

Nvidia is the clearest barometer of the AI trade, and that trade has become tightly linked to risk appetite across markets, including crypto. When the AI leader sells off hard, it tends to drag technology indices, momentum funds and other risk assets with it, because many of the same investors hold all of them. Sharp moves in Nvidia also shift expectations for interest rates and for how much money flows into speculative assets.

For crypto specifically, the read-through is about sentiment rather than any direct link: a market nervous about the most crowded trade of the decade is usually a market less willing to add risk elsewhere.

What to watch next

Nvidia is scheduled to report earnings on 17 November 2026. Investors will look past the headline numbers to any comment on China demand, export rules and the allegations now surrounding its chief executive. Until then, the stock is likely to trade on headlines rather than fundamentals.

This article summarises reporting by the outlets listed in Sources. Figures move during trading; check a live quote before acting on any number.