technology ·
Nvidia stock falls after company opens probe into CEO
Jensen Huang The probe follows claims Huang was targeted by a Chinese intelligence effort.
Shares of Nvidia fell more than 4%, putting the stock price at $178.83. The board of the California-based firm initiated an "independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort," the company said in a statement Sunday. The investigation will be overseen by a "committee of independent directors, assisted by outside independent counsel," Nvidia added.
Huang "fully supports the review" and will cooperate with it, the Nvidia statement noted. Nvidia soared to prominence in recent years through selling many of the chips behind the artificial intelligence boom. The company has defied skeptics with strong revenue quarter after quarter, despite political backlash against data centers and looming concern about a financial bubble in AI.
As of Monday morning, Nvidia boasted a value of more than $4 trillion as measured by market capitalization, making it the world's second-largest company. Nvidia CEO Jensen Huang speaks on stage during the Invest in Germany Summit in Berlin, Germany, October 19, 2026.Lisi Niesner/ReutersStocks in the U.S. climbed overall on Monday, recovering some of their losses from a selloff last Thursday.
