Follow-Up: Musk and Ackman Publicly Back Jensen Huang as Nvidia Shares Tumble More Than 6% in Frankfurt on Monday
SAN FRANCISCO — Nvidia shares tumbled more than 6% in Frankfurt trading on Monday, extending last week's selloff to fresh multi-month lows, Reuters reported on November 9. At those levels the chipmaker stood to lose about $270 billion from its closing price on Friday, according to LSEG Datastream. The fall came after Nvidia's board announced on Sunday an independent investigation into whether chief executive Jensen Huang had been targeted by a foreign intelligence effort, putting his future under scrutiny.
Several prominent figures weighed in on Monday. Bill Ackman, founder of Pershing Square Capital Management, wrote on X that Huang was an incredible human, adding: I am hoping for a simple affair, not a risk to our national security. He said that if the matter was indeed more than an affair, then it was obviously a real problem.
Sequoia Capital partner Shaun Maguire posted that Huang did something incredibly dumb that was bad for America, but that Jensen is irreplaceable for America's super intelligence (SI) leadership. Tesla chief executive Elon Musk replied to the post with two words: I agree.
The fallout extended to South Korea. Madison Huang, the chief executive's daughter and an Nvidia executive, cancelled a planned visit to Seoul for an Nvidia conference set to begin on Monday, according to companies she had been scheduled to meet, including AI startup Rebellions and a question-and-answer session with Kakao Mobility; the companies cited unavoidable internal circumstances at Nvidia. The two-day Nvidia AI Day Seoul, expected to draw about 2,000 participants, will proceed as planned. South Korea's deputy science minister said on Monday the government expected no disruptions to contracted deliveries of Nvidia graphics processors.
Shares in Nvidia's key Asian suppliers rebounded on Monday: TSMC jumped 6.5%, Samsung Electronics climbed 2.9% and SK Hynix rose 4.7%. Chris Weston, head of research at Pepperstone, said the market was signalling that the affair did the stock no favours, but he did not think Huang would be replaced, saying that if investors genuinely thought he would step down, the stock would see an absolute bloodbath.
(Source: Reuters)
Source: Reuters
Published by GSM · USA (original Chinese edition)
Photo: 图：英伟达创始人兼首席执行官黄仁勋2026年4月30日在斯坦福大学出席对谈（资料图）。Anderseidesvik 摄，CC BY-SA 4.0，经 Wikimedia Commons，本站档案图复用。 / Photo: Nvidia founder and CEO Jensen Huang at a Stanford University talk on April 30, 2026 (file photo). Photo by Anderseidesvik, CC BY-SA 4.0, via Wikimedia Commons, GSM archive reuse.
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- 2026-11-09Follow-Up: Musk and Ackman Publicly Back Jensen Huang as Nvidia Shares Tumble More Than 6% in Frankfurt on MondayThis story
