Nvidia falls 5.5% as its board hires Wachtell to investigate Huang
Nvidia closed at $168.89 on Tuesday, a second day of losses, after board members hired the law firm Wachtell Lipton to investigate chief executive Jensen Huang’s relationship with a woman US intelligence links to the Chinese government.
In the Daily Brief of 11 November 2026
Filed under Markets, AI industry
The stock fell 5.5% on 10 November. Bloomberg and CNBC reported that Nvidia’s board had retained Wachtell Lipton to lead the review. Yahoo Finance reported that President Donald Trump said the FBI was looking into the matter.
The inquiry comes a day after the New York Times reported that a Commerce Department investigation into Megaspeed, a company suspected of smuggling Nvidia chips to China, was moved to the Justice Department after Nvidia contacted officials.