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Nvidia's board launches probe into CEO Jensen Huang amid foreign intel reports, but backs his leadership.

Market News
09 Nov 2026, 03:07 WIB
24/7 Wall Street
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Bearish
Nvidia's board launches probe into CEO Jensen Huang amid foreign intel reports, but backs his leadership.

Nvidia's board has initiated an independent investigation into CEO Jensen Huang following reports of a foreign intelligence effort targeting him. Despite this, the board expressed full confidence in Huang and his cooperation with the inquiry. Historical cases show stocks often drop when CEOs face such probes, especially if they leave, but Nvidia's situation is unique as the board supports its founder. Investors are advised to consider their exposure carefully as the investigation unfolds with no set timeline for conclusions.

Nvidia's stock price on Pluang dropped 6.74% to USD 186.64 as of Nov 09, 2026 08:02 WIB, reflecting market sensitivity to the CEO investigation news. The stock's 52-week low stands at USD 165.17, showing it is nearing its lower range amid uncertainty. Meanwhile, Intel shares also declined 3.42% to USD 56.28, indicating broader tech sector caution at the same time.

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