DECRYPT · 2026-11-11 12:15 UTC

Nvidia Sheds $430B in Two Days as Jensen Huang Faces Calls to Resign

Nvidia shares closed down 5.5% at $168.89 on Tuesday after a 4.3% drop Monday, erasing about $430 billion in market value and all of the stock's 2026 gains. Sen. Kevin Cramer and former NEC director Larry Kudlow have called on CEO Jensen Huang to step down, while House Foreign Affairs Chairman Brian Mast said he would subpoena Huang unless he agreed to a closed-door briefing by Wednesday. The independent board members retained Wachtell, Lipton, Rosen & Katz to carry out an investigation into Huang's ties to Alice Huang, whom U.S. intelligence reportedly concluded was a Chinese spy.

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