Nvidia Slides 25% in a Month as CEO Affair Probe and Target Cuts Bite
NVDA is trading near its 52-week low of $164.27 (3.8% above the low) on elevated volume (3.3× avg).
Summary
Nvidia is down more than 11% in a week and more than 25% in a month, with sentiment hit by CEO Jensen Huang's admission of an extramarital affair with a woman suspected of Chinese intelligence ties. The board has retained former SDNY acting U.S. attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz for an independent investigation. Citi and Wells Fargo cut price targets, and Polymarket bettors put 90% odds NVDA closes above $140 in November but only 14% odds of a rebound above $200. The stock closed 5.53% lower at $168.80 Tuesday and added 1% after hours. Q3 results land Nov. 17 — the first earnings read since the disclosure and the next hard checkpoint on whether the AI demand story still holds.
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 7 out of 10. Source: Benzinga.