Nvidia Shares Plunge Amid CEO Espionage Investigation

Global stock markets entered a fragile recovery on November 8, 2026, following a significant tech sell-off. The volatility, described as a tech wreck, was initially triggered by a Democratic blue tsunami in the U.S. midterm elections, which raised investor concerns that the new political landscape would hinder the expansion of AI data centers.

While the Nikkei in Japan rose 2% and European indices including the FTSE 100, Dax, and Cac 40 saw gains, markets in Hong Kong and South Korea continued to decline.

Adding to the instability, Nvidia shares fell as much as 8.8%, erasing approximately £292 billion in market value. The decline followed the company's announcement of an investigation into CEO Jensen Huang. The probe began after Huang admitted to an affair with a woman suspected of being a Chinese spy. The investigation seeks to determine if Huang was targeted by foreign intelligence, creating uncertainty regarding his future as chief executive.