AI & Tech

Jensen Huang’s downfall cut the P/E of Nvidia stock by a third. But don’t call it a bargain yet

The steep fall in Nvidia’s stock that started with revelations about CEO Jensen Huang’s romantic relationship with an alleged Chinese spy, and accelerated following his resignation on November 12, makes Nvidia’s shares look like a historic buy.

✦ Extractive summary — built from the sources' own reporting•From 14 sources•1 min read•Updated November 12, 2026, 6:09 PM UTC

Key points

“The sudden resignation of Jensen Huang is about more than succession at the world’s most important AI chipmaker, Nvidia’s leadership crisis is a stress test for the AI boom,” says Forrester VP and group research director Stephanie Balaouras.
Jensen Huang resigned as chief executive of AI giant Nvidia on Thursday, November 12, after revelations he had two extramarital affairs, including one with a woman accused of spying for China.
🚨 Stunning stat: At these levels, Nvidia will have lost about $1.4 trillion in market capitalization in two weeks, since the initial Times report about linking Jensen Huang and Alice Huang.

Jay Goldberg, an analyst at Seaport Research Partners and one of the few on Wall Street with a sell rating on Nvidia’s stock, doesn’t expect Huang’s exit to derail the deal.

Additional details

In today’s newsletter: US intelligence reportedly believes the former tech executive was recruited by Beijing, raising questions about the security of the AI industry and Trump’s close ties to Nvidia chief Jensen Huang Good morning.
That hasn’t been the case for Alice Huang, the mysterious Shanghai executive who formed a romantic relationship with Jensen Huang, the founder of Nvidia, one of America’s most powerful tech companies.
Nvidia chief executive Jensen Huang has resigned following revelations that he had two extramarital affairs, plunging the chipmaker at the heart of the global AI boom into crisis.
Why it matters: It's impossible to overstate how critical Huang is to Nvidia, to the AI buildout, to the stock market and economy.
Indecision ahead Now the speculation starts over who will take over the reins at Nvidia, but Huang could prove a tough act to follow.

How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →

Every article behind this summary — 16 articles from 14 outlets

Jensen Huang’s downfall cut the P/E of Nvidia stock by a third. But don’t call it a bargain yet

Every article behind this summary — 16 articles from 14 outlets

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