Business · Markets · 6 hrs ago
Nvidia shares fall after Jensen Huang admits affair; Korean ETFs rebound
Nvidia CEO Jensen Huang admitted an affair after reports linked him to a woman who may have been a Chinese spy.
Nvidia’s board said it had begun an independent investigation into reports that Huang was targeted by a foreign intelligence service.
The company did not say the woman was a spy.
Nvidia shares fell 4.3% on Nov.
9, even as major US stock indexes rose, and the stock dropped as much as 8.79% during the session.
South Korean Nvidia-linked ETFs fell, then rebounded the following day as other chip stocks rose.
These funds can hold other chipmakers or bonds, so their prices do not necessarily move in line with Nvidia’s shares.
Analysts said the immediate effect on chip stocks was limited, but warned that the issue could widen to include AI-related national security concerns, corporate governance and tighter technology export controls to China.
Investors are watching how the investigation and wider concerns develop.
Nvidia shares fell sharply on Nov. 9 after CEO Jensen Huang acknowledged an affair and the company’s board announced an investigation into reports that he was targeted by a foreign intelligence agency.
Nvidia closed down 4.3% at $178.67 after falling as much as 8.79% during the session.
South Korean-listed Nvidia-related exchange-traded funds, which had all fallen the previous day, were rising on Nov. 10.
Analysts said buying in other semiconductor stocks and gains across US markets helped limit the impact on related funds.
One analyst warned that the issue could widen to include AI national-security concerns and uncertainty about Nvidia’s governance.
- Who
- Nvidia, its CEO Jensen Huang and South Korean-listed Nvidia-related ETFs.
- What
- Nvidia shares fell after Huang acknowledged an affair and the board announced an investigation into reports that he was targeted by a foreign intelligence agency. Related South Korean ETFs rebounded the next day.
- When
- Nov. 9–10, 2026.
- Where
- US stock markets and South Korea.
- Why
- The reports about Huang and the board investigation weighed on Nvidia shares. Other semiconductor stocks and broader market gains helped South Korean ETFs rebound.
This story does not have two clearly opposing sides.
Nvidia’s board announced an independent investigation into reports that Huang had been targeted by a foreign intelligence agency.
Nvidia shares fell 4.2% on the Robinhood online trading platform.
Nvidia shares fell as much as 8.79% during the session and closed down 4.3% at $178.67, while major US stock indexes rose.
All seven South Korean-listed ETFs with Nvidia in their names closed lower.
Nvidia-related South Korean ETFs were rising in morning trading.
- Nvidia closing price
- $178.67 on Nov. 9
- Nvidia daily change
- Down 4.3% on Nov. 9
- Intraday low
- $170.24 on Nov. 9
- South Korean ETF count
- 7 funds with Nvidia in their names
- Largest ETF decline
- 1Q Nvidia Alphabet US Treasury Mixed 50, down 1.98% on Nov. 9
- Morning ETF gain
- ACE Nvidia Value Chain Active was up 5.81% on Nov. 10
3 sources
What people are saying
launched an independent investigation into recent reports that founder and CEO Jensen Huang was targeted by a foreign intelligence agency
Not stated
Nvidia CEO's scandal and the board investigation pushed the leading AI stock down on its own, but buying spread to AMD, Broadcom and semiconductor equipment stocks, and all four US indexes rebounded by more than 2%
There is a possibility that the issue could spread to AI-related national security issues rather than the CEO's private life