Nvidia Loses $1T as Jensen Huang Scandal Deepens
Original: Jensen Huang Basically Lit More Than $1 Trillion on Fire in Less Than a Month
Why This Matters
Nvidia controls ~90% of AI training chips; leadership void has real supply-chain ripple effects.
Nvidia shed over $1 trillion in market value in under a month after a spy-linked affair scandal emerged in late October 2026, culminating in Jensen Huang's resignation on Nov. 12 and a $546B single-day stock drop.
Jensen Huang resigned from Nvidia on November 12, 2026, after weeks of mounting scandal. The trouble started in late October when The New York Times reported his 'close relationship' with Alice Huang, a former executive at Singapore-based chip buyer Megaspeed and alleged asset of China's Ministry of State Security. At that point, Nvidia's market cap stood around $5.2 trillion. Huang publicly acknowledged the affair, and on November 8 Nvidia announced a formal internal investigation. A reported second affair with an Nvidia employee added further pressure. By resignation day, markets had erased more than $1 trillion from Nvidia's valuation, with roughly $546 billion wiped out in the hour after markets opened. Huang's personal stake—3.5% as of March—has lost over $50 billion in value. The company holds roughly 90% market share of chips used to train frontier AI models, and its August regulatory filing showed nearly $30 billion in Intel stock and $21 billion in SpaceX stock. AMD shares rose 28% and Broadcom gained 16% over the five days following the scandal's peak. Analyst Ryan Fedasiuk of the Foundation for American Innovation called Huang 'irreplaceable,' citing his role behind the GPU and the broader AI compute boom. Nvidia has hired at least one PR firm with sex-scandal expertise.