New Delhi, November 11, 2026 (Yes Punjab News)
NVIDIA’s independent directors have appointed former acting US Attorney Joon H. Kim to lead an inquiry into whether the company’s founder and CEO, Jensen Huang, was targeted by a Chinese intelligence effort.
Kim, who previously served as acting US Attorney for the Southern District of New York, will conduct the investigation with assistance from his law firm, Wachtell, Lipton, Rosen & Katz, according to a statement issued by NVIDIA’s independent directors.
The company’s board had earlier described US national and economic security as paramount to NVIDIA and its shareholders, adding that it would provide further updates as appropriate.
NVIDIA has said it has no reason to believe that US national security or company secrets have been compromised but would examine all available information.
Huang has backed the investigation and told employees in an email that he would cooperate fully, while reaffirming his commitment to protecting the company and US national security.
“I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security,” he wrote.
Huang also said he took full responsibility for his actions and the hurt caused, accepting the criticism that followed. He requested privacy for his family, saying they bore no responsibility for his actions.
Meanwhile, NVIDIA shares continued to face selling pressure. The stock closed at $168.80 on Tuesday in US trading, down $9.87, or 5.53 per cent, from the previous close of $178.67.
The decline has brought the company’s market capitalisation to approximately $4.07 trillion. Its shares have fallen 14 per cent over the past week and 22 per cent over the last 30 days. The stock is also down 18 per cent over three months and 17 per cent over six months.
The latest sell-off has pushed NVIDIA below Microsoft in the global market-capitalisation rankings, with the software giant reclaiming its position as the world’s second-most valuable company.
NVIDIA’s quarterly results, scheduled for November 17, are expected to offer fresh indications of demand for artificial intelligence chips and the company’s business outlook.
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