New Delhi, Nov 2026 : US semiconductor giant Nvidia has lost approximately $1.57 trillion in market capitalisation after its shares plunged more than 26 per cent from their 52-week high, entering bear-market territory amid growing investor concerns over artificial intelligence (AI) spending and increased scrutiny of Chief Executive Officer Jensen Huang.
According to a report by NDTV Profit, Nvidia's market capitalisation stood at $4.31 trillion at the close of trading on November 9, compared with approximately $5.88 trillion when its shares reached a 52-week high of $243.37. The decline in market value is larger than the entire market capitalisation of electric vehicle manufacturer Tesla, estimated at around $1.49 trillion.
Nvidia shares closed at $178.67 on November 9, down approximately 26.6 per cent from their peak. The stock has faced sustained selling pressure, declining 14 per cent over the past week and 22 per cent in the last 30 days. It has also fallen 18 per cent over three months and 17 per cent over six months.
The sharp correction comes ahead of Nvidia's quarterly earnings announcement scheduled for November 17. Investors are closely watching the results for indications of future revenue growth, demand for advanced AI chips and the sustainability of global spending on AI infrastructure by major technology companies.
Jensen Huang Faces Increased Scrutiny
Adding to the challenges facing the chipmaker, recent developments involving CEO Jensen Huang have brought Nvidia's leadership under increased scrutiny.
Reports suggest that Huang had engaged crisis communications firm Heller Inc. as early as October 2025, months before publicly acknowledging an extramarital relationship with a former executive of Singapore-based data centre company Megaspeed.
The communications firm was also reportedly involved in Nvidia's media response process after questions emerged over the company's semiconductor sales and the possible diversion of advanced chips to Chinese entities in violation of US export restrictions.
Megaspeed had reportedly acquired nearly $2 billion worth of Nvidia chips, according to the report.
In a statement released on Sunday, Huang acknowledged having an affair with a former Megaspeed executive, without identifying the woman. He also apologised to his family and Nvidia employees.
FBI Probe and Board Investigation
Separately, Nvidia's board announced an independent investigation following reports that Huang had been targeted in a foreign intelligence operation. The board said it had no reason to believe that national security or confidential company information had been compromised.
US President Donald Trump said on Monday that the Federal Bureau of Investigation (FBI) was examining Huang's relationship with the woman suspected of having links to Chinese intelligence. However, Trump expressed confidence in the Nvidia chief after speaking to him earlier in the day.
Describing Huang as a "very honourable man", Trump told reporters at the White House: "I know the FBI is looking into it, in terms of something else, and I think that he'll be in good shape."
With Nvidia shares under pressure, investors are now looking to the November 17 earnings announcement for clarity on AI semiconductor demand, data centre investments and the outlook for the global artificial intelligence industry.
