Jensen Huang Spy Storm: Will Nvidia Stock and CEO Survive the Nov. 11 Deadline?

When a CEO’s title lands in a spy story, traders ask two questions. Is his job secure? And what occurs to the inventory if he stays or goes?

Nvidia shareholders now face each, with a deadline. CEO Jensen Huang has till November 11 to inform Congress whether or not he’ll reply questions on a suspected Chinese spy.

The inventory is already bruised. It closed at $186.64 on November 6, a day after a 9.3% plunge.

What Does the Spy Memo Say?

A US intelligence memo claims China’s predominant spy company recruited Alice Huang, an govt at Nvidia buyer Megaspeed. The New York Times reported it first. The Financial Times added that the two allegedly had a romantic relationship.

The memo just isn’t public. Its claims are unproven. Nvidia calls the contacts “commonplace.”

Here is the uncomfortable half. Trump was briefed on Alice Huang a few 12 months in the past and selected to not act, the Times reported. Officials feared hurting Nvidia’s chip gross sales.

Now three House committee chairs need solutions. Their November 4 letter asks Huang for a closed-door briefing. It accuses no one among wrongdoing.

Is Huang’s Job Safe?

For now, no person with energy over it has known as for him to go. Trump known as Huang “very aboveboard” on October 31, however mentioned the case was “a really complicated situation.”

Senator Elizabeth Warren posted a sharper line on October 29.

“Huang and NVIDIA’s board owe Congress solutions.”

Nvidia’s personal annual report admits the firm is “extremely dependent” on its longtime executives.

If he did depart, historical past cuts each methods:

• Apple fell about 5% after hours when Steve Jobs stepped down in 2011.

• Intel rose greater than 3% when Pat Gelsinger left in 2024.

November 11 can be when a weekly batch of Nvidia choices expires. OptionCharts information exhibits merchants pricing a variety of $179.35 to $198.09.

Not each drop is about Huang. AMD fell 17.3% in the similar November 5 (*11*).

Earnings land November 17. The proposed briefing is the subsequent day. Nvidia has not mentioned whether or not Huang will present up.

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