Nvidia’s value tumbles by $330bn after ‘honeytrap’ investigation launched, as China denies spying claims – business live

Why This Matters

Key context: <p>Shares in world’s most valuable company hit seven-month low after CEO Huang admits to affair, after allegations of relationship with Chinese spy</p><ul><li><p><a href="https://www.theguardian.com/us-news/2026/nov/08/nvidia-jensen-huang-investigation">Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence</a></p></li></ul><p><strong>Huang is receiving support from some fellow tech executives, including Elon Musk.</strong></p><p>Musk commented “I agree” on a post by ​Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”.</p><p>“While Nvidia has sought to reassure us all, ​there are several layers here, beginning with the unfortunate timing.</p><p>“For example: The company is systemically important for tech, markets and the economy; Investors tend to struggle to price in key-person and governance issues; and there are fluid national security and geopolitical dynamics.”</p> <a href="https://www.theguardian.com/business/live/2026/nov/09/nvidia-jensen-huang-scandal-investigation-ai-industry-tech-stocks-recovery-slump-latest-news-updates">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.