New Delhi, November 10, 2026 (Yes Punjab News)
US chipmaker Nvidia has lost approximately $1.57 trillion in market capitalisation after its shares plunged 26.6 per cent from their 52-week high, as concerns over artificial intelligence (AI) spending and scrutiny surrounding CEO Jensen Huang weighed on investor sentiment.
According to a report by NDTV Profit, Nvidia’s market value stood at $4.31 trillion at the close of trading on November 9, down from approximately $5.88 trillion when its shares reached a 52-week high of $243.37. The estimated loss is greater than the current market capitalisation of electric vehicle manufacturer Tesla, which stands at around $1.49 trillion.
Nvidia shares closed at $178.67 on November 9. The stock has fallen 14 per cent over the past week, 22 per cent in the last month, 18 per cent over three months and 17 per cent over six months.
The decline comes ahead of the company’s quarterly earnings announcement on November 17, with investors watching for indications of sustained demand for AI processors and the pace of infrastructure spending by major technology companies.
The company is also facing increased scrutiny following reports involving Huang and a former executive of Singapore-based data centre company Megaspeed.
Huang reportedly engaged crisis communications firm Heller Inc. in October 2025, months before publicly acknowledging an extramarital relationship with the former Megaspeed executive. The firm was also reportedly involved in Nvidia’s media response after questions emerged over chip sales and the possible diversion of advanced semiconductors to Chinese entities in violation of US export restrictions.
Megaspeed had reportedly acquired nearly $2 billion worth of Nvidia chips, according to the report.
In a statement released on Sunday, Huang acknowledged the affair, without naming the woman, and apologised to his family and Nvidia employees.
Separately, Nvidia’s board announced an independent investigation following reports that Huang had been targeted in a foreign intelligence operation. The board said it had no reason to believe that national security or confidential company information had been compromised.
US President Donald Trump said on Monday that the Federal Bureau of Investigation was looking into Huang’s relationship with the woman, who has been suspected of having links to Chinese intelligence. However, Trump expressed confidence in the Nvidia chief, describing him as a “very honourable man”.
“I know the FBI is looking into it, in terms of something else, and I think that he’ll be in good shape,” Trump told reporters at the White House.
Investors are now awaiting Nvidia’s November 17 earnings report for clearer signals on revenue growth, AI chip demand and future spending by major technology companies.
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