Baird stories

Nov 11, 2026

Nvidia board prepares to oust CEO Jensen Huang amid spy affair scandal

Nvidia's board is working with an outside firm to identify CEO replacements after Jensen Huang admitted to affairs with a suspected Chinese spy and a senior Nvidia executive. Shares fell roughly 8-9% in after-hours trading, and Baird downgraded the stock while Morgan Stanley removed it from its Top Pick list.

Nov 11, 20267 sources

Nov 9, 2026

Congress moves to subpoena Nvidia CEO Jensen Huang over Chinese spy affair; Baird downgrades stock

House Republicans are preparing to subpoena Nvidia CEO Jensen Huang to answer questions about his affair with an alleged Chinese spy, while Baird issued a rare downgrade and Morgan Stanley dropped Nvidia from its Top Pick list. A senior Republican senator has also called for Huang to resign.

Nov 9, 20264 sources

Top claims

▪Nvidia's share price has fallen about one-third from its October peak, representing a market value decline of more than $1.5 trillion
▪Nvidia's board has been working with an outside executive search firm to identify potential candidate replacements for Chief Executive Officer Jensen Huang
▪Jensen Huang co-founded Nvidia in 1993, owns roughly 3.6% of its stock, and maintains dozens of direct reports without an established succession plan

Topics

China-United States relations Suspected Chinese spy close to Jensen Huang Investigations U.S.–China relations Chip export controls AI chips Corporate governance Workplace misconduct National security Congress US–China AI competition Congressional investigations U.S. technology trade restrictions U.S. House of Representatives

Related entities

China Morgan Stanley United States AMD Singapore