Nvidia Board Hires Wachtell for Independent Spy Probe as Shares Slide 5%
NVDA is trading near its 52-week low of $164.27 (3.8% above the low) on elevated volume (3.3× avg).
Summary
Nvidia's independent board committee retained former acting US Attorney Joon H. Kim and Wachtell, Lipton, Rosen and Katz to run an outside investigation into whether CEO Jensen Huang's extramarital affair compromised corporate or national security. The committee had already concluded there was no data breach and backed Huang's continued leadership, so the hire is about insulating directors from liability and shareholder suits rather than a finding of wrongdoing. Legal exposure is stacking up: retail investor Mark Kistenmacher filed a class action covering purchases from October 9, 2025 through November 8, 2026, alleging the company downplayed Huang's interactions with a former Megaspeed executive. Three House Republican committee chairmen have summoned Huang to a closed-door briefing on November 18, one day after the Q3 report, and he has not confirmed attendance. The stock closed at $168.89, down 5.47%, and sits near its 52-week low of $164.27 — a level that matters more than the headline percentage for a company this size. Q3 earnings on November 17 and the November 18 congressional briefing are the two dates that decide whether this stays a governance overhang or becomes a thesis problem.
At the time of this announcement, NVDA was trading at $170.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.1T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Coinpedia.