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Nvidia shares dropped 18.42% to $166.95, erasing all 2026 gains. House Republicans threatened to subpoena CEO Jensen Huang by November 11 regarding his relationship with Alice Huang. The board launched an independent probe while shareholders filed a lawsuit, and Google introduced competing AI chips.
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Summary by ByteBrief

Nvidia Shares Plunge 8% on Huang Investigation

Nvidia Shares Fall 5% on CEO Scandal

Nvidia drops ~5% pre-market after its board opens an probe into Jensen Huang; Nvidia previously dismissed the interactions as "nothing unusual or unexpected" (Demetri Sevastopulo/Financial Times)