Nvidia Falls More Than 4% as Board Opens Independent Probe Into CEO's Ties to a Former Megaspeed Executive

Nvidia's board said on Sunday, November 8, 2026 (17 Aban 1405) that it has opened an independent investigation, overseen by a committee of directors and outside counsel, into whether CEO Jensen Huang was targeted by a foreign intelligence operation. According to Al Jazeera, Nvidia shares fell more than 4% in overnight trading into Monday; the company's market capitalisation is about 4.5 trillion dollars. Donya-e-Eqtesad, citing TechCrunch, also reported the inquiry.

The matter traces to a New York Times report saying US intelligence officials believed Alice Huang, a former Megaspeed executive, was recruited by Beijing to gather information about Nvidia's chief executive. Huang acknowledged in a staff memo that he was unfaithful to his wife. Nvidia says it has no reason to believe US national security or confidential information was compromised, and no criminal charges have been reported. Republican lawmakers have asked Huang to testify to Congress on November 18. US authorities have investigated Megaspeed since 2024, and the New York Times reported it bought about 4.8 billion dollars of equipment from Nvidia.