Nvidia shares fell 4.27% to $178.67 on Nov 9, a seven-month low, cutting the company's market value to $4.31 trillion, down more than $190 billion in a single day. The same day, the governance storm around CEO Jensen Huang kept building: President Trump publicly raised Huang's relationship with Huang Le, and Nvidia's board has opened a review of whether Huang stays.
The numbers: a sharp selloff and billions erased
Nvidia fell 4.27% on Nov 9 to close at $178.67, its lowest level in seven months, according to kaopunews. Market value dropped to $4.31 trillion, a one-day loss of more than $190 billion. The share move coincided closely with governance and executive-risk developments at the company.
| Metric | Figure |
|---|---|
| Closing price | $178.67 |
| One-day decline | 4.27% |
| Market value | $4.31 trillion |
| One-day market value change | Down more than $190 billion |
Analysis: Trump's remarks and the board review
Trump said at the White House on Monday that he had asked Nvidia CEO Jensen Huang whether he knew that Huang Le, with whom he has a close relationship, was a spy. The remark tied Huang's personal ties directly to national security and sharpened market scrutiny of executive risk at Nvidia.
Trump said at the White House on Monday that he had asked Nvidia CEO Jensen Huang whether he knew that Huang Le, with whom he has a close relationship, was a spy.
Nvidia's board is reviewing whether Huang stays, The Information reported. Directors include early investors in the company, a former Goldman Sachs executive and a professor who studies how sea creatures swim. Lead independent director Stephen Neal, who joined the board in 2019, is expected to play a leading role in the review.
Neal chairs the governance committee and spent years at prominent U.S. law firm Cooley LLP, whose past clients included jailed Theranos founder and former CEO Elizabeth Holmes. Neal may have the most influential voice in deciding Huang's fate, the report said.
What to watch
Investors will watch the board review's progress and conclusions, whether Huang's role changes, and whether Trump's remarks trigger further policy or regulatory action. Nvidia had not disclosed more information on the reports as of publication.