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[Confirmed]

# Nvidia shares slide about 5% before the bell as its board investigates spy reports around Jensen Huang

China calls the spy claims baseless. Nvidia's board says it has no reason to believe national security or company secrets were compromised.

Published 09 Nov 2026, 12:23 UTC

![Leakly rendering of @KobeissiLetter's X post: BREAKING: Nvidia stock, $NVDA, falls over -5% in reaction to the Jensen Huang situation as premarket trading opens.

The stock has now erase](https://leakly.com/assets/images/nvidia-shares-slide-premarket-huang-probe-hero.jpg)

Screenshot of @KobeissiLetter's post, rendered by Leakly from X API data captured 09 Nov 2026 12:22 UTC. [Live post on X](https://x.com/KobeissiLetter/status/2119717185492775004)

[Nvidia](https://nvidianews.nvidia.com/news/statement-from-nvidia-board-of-directors) shares fell close to 5% in premarket trading on Monday, November 9, after the company's board opened an independent investigation into reports that CEO Jensen Huang was the target of a foreign intelligence effort. @KobeissiLetter flagged the drop on X at 09:02 UTC as premarket trading opened, and [CNBC](https://www.cnbc.com/2026/11/09/nvidia-jensen-huang-chinese-spy-investigation.html) reported the stock was last down 4.8% before the bell.

> **The Kobeissi Letter** @KobeissiLetter
>
> BREAKING: Nvidia stock, $NVDA, falls over -5% in reaction to the Jensen Huang situation as premarket trading opens.
> The stock has now erased -$225 billion in market cap today. https://t.co/QMIkJjxDHI
>
> 4,653 likes · 730 reposts · counts as of 09 Nov 2026, 12:22 UTC
>
> — The Kobeissi Letter (@KobeissiLetter) [November 9, 2026](https://twitter.com/KobeissiLetter/status/2119717185492775004)

[Leakly track record](https://leakly.com/leakers/kobeissiletter/)

In its statement, the Nvidia board said a committee of independent directors, assisted by outside independent counsel, will oversee the inquiry. The board said it has "no reason to believe that either national security or NVIDIA secrets were compromised," and that Huang fully supports the review and has committed to cooperating with it.

Huang told staff in an email that he had been unfaithful to his wife, CNBC reported, quoting him: "There is no excuse for what I did. I am deeply sorry." The reports behind the probe say US intelligence agencies believe a businesswoman close to Huang passed information to Beijing.

China rejected the claims on Monday. Foreign ministry spokesman Guo Jiakun called "the narrative of a so-called Chinese spy" "entirely baseless vilification and smearing," [The Guardian](https://www.theguardian.com/business/live/2026/nov/09/nvidia-jensen-huang-scandal-investigation-ai-industry-tech-stocks-recovery-slump-latest-news-updates) reported. The Guardian's live coverage said Nvidia was still expected to open about 5% lower when Wall Street opens at 14:30 UTC. Nvidia reports third-quarter earnings on November 17, according to CNBC.

Nvidia's board statement confirms the investigation, and CNBC and The Guardian report the premarket slide. Nvidia's board says it has no reason to believe national security or company secrets were compromised, and China denies the spy claims.

## What we know

* Nvidia's board has opened an independent investigation overseen by independent directors and outside counsel.
* Nvidia was down 4.8% in premarket trading, per CNBC.
* China's foreign ministry called the spy claims baseless.

## What we don't know

* What the investigation will find.
* How the stock trades after the 14:30 UTC open.

## What would confirm it

Findings from the board's independent committee.

## Sources

* [Original X post by @KobeissiLetter](https://x.com/KobeissiLetter/status/2119717185492775004)
* [Statement From NVIDIA Board of Directors | NVIDIA Newsroom](https://nvidianews.nvidia.com/news/statement-from-nvidia-board-of-directors)
* [Nvidia stock falls as scrutiny turns to Huang’s relationship with alleged Chinese spy](https://www.cnbc.com/2026/11/09/nvidia-jensen-huang-chinese-spy-investigation.html)
* [Nvidia shares fall after ‘honeytrap’ investigation launched, as China denies spying claims – business live | Business | The Guardian](https://www.theguardian.com/business/live/2026/nov/09/nvidia-jensen-huang-scandal-investigation-ai-industry-tech-stocks-recovery-slump-latest-news-updates)

[Confirmed]

## What happened later

Nvidia's board statement confirms the investigation, and CNBC and The Guardian report the premarket slide. Nvidia's board says it has no reason to believe national security or company secrets were compromised, and China denies the spy claims.

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