Nvidia shares tumble over 6% as CEO scandal triggers market‑cap loss and brief Microsoft overtaking
Nvidia’s stock fell between 5.5% and 6.3% on November 10, 2026 after the board opened an independent investigation into CEO Jensen Huang following reports of an alleged affair with a Chinese intelligence source. The sell‑off erased roughly $400‑$470 billion of market value, dropping Nvidia to third behind Apple and Microsoft and allowing Microsoft to briefly become the world’s second‑most valuable public company. The controversy adds governance and regulatory risk ahead of Nvidia’s earnings report scheduled for November 17.
Why it matters
The sharp price decline and market‑cap loss increase short‑term volatility for NVDA shareholders and could affect index weighting. Investors will watch the November 17 earnings for signs that the scandal and any potential regulatory actions do not impair Nvidia’s AI‑chip demand.
Key facts
- 1Nvidia shares fell 5.89% to $168.13 at 1:40 p.m. ET on November 10, 2026. quantisnow.com
- 2Nvidia shares fell 5.52% to $168.80 on the same day, with volume of 420.8 million shares. fool.com
- 3Nvidia’s market value, based on the $4.31 trillion valuation, would lose roughly $250 billion if the 5.89% drop applied. quantisnow.com
- 4Analysts estimate the total market‑value loss from the two‑day slide at about $470 billion. finance.yahoo.com
- 5Microsoft’s shares were $543.25, down 0.4% on November 10, while Nvidia’s were $167.11, down over 6%. ua.news
- 6Microsoft reported quarterly revenue of $92.3 billion, up 19% year‑over‑year. finance.yahoo.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.