Technology share prices clawed back last week’s sharp losses on Monday (November 9, 2026), despite a plunge in Nvidia following a probe into its boss Jensen Huang over claims of an affair with an alleged Chinese spy.
Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after last Tuesday’s U.S. midterm elections, which saw Democrats sweep both chambers of Congress, leading to speculation lawmakers would seek to rein in tech firms. Mr. The news that Nvidia’s board would investigate whether Mr. Huang had been targeted in a foreign espionage plot, following his admission he was unfaithful to his wife, brought fresh uncertainty in the markets.
The Philadelphia Semiconductor Index, which includes major chipmakers and AI firms, jumped more than 6%. But the gains did not extend to Nvidia, which saw its shares slump more than 8% as trading got under way in New York, but recovered to stand down more than 5% in early afternoon trading. The executive, Alice Huang — also known as Huang Le, and no relation to 63-year-old Taiwanese-born Mr. Nvidia is a global leader in producing chips used to train and run AI models and one of the world’s most valuable companies, and last year became the first to reach a market capitalisation of $5 trillion.
O’Hare said Nvidia was being treated as a one-off story by investors for the moment. Jensen Huang — developed a close relationship with the Nvidia boss, the Times said.
