Nvidia market value loss has reached approximately $1.57 trillion after its shares fell more than 26 per cent from their 52-week high. Investors have raised concerns over artificial intelligence (AI) spending and growing scrutiny surrounding CEO Jensen Huang.
The company’s market capitalisation stood at $4.31 trillion at the close of trading on November 9. This compares with approximately $5.88 trillion when its shares reached a 52-week high of $243.37, according to NDTV Profit.
The estimated decline exceeds the entire market capitalisation of electric vehicle manufacturer Tesla. Tesla’s market value stands at approximately $1.49 trillion.
Nvidia shares closed at $178.67 on November 9, marking a 26.6 per cent decline from their peak. Moreover, the stock has faced sustained selling pressure across several periods.
Shares fell 14 per cent over the past week and 22 per cent over the previous 30 days. They also declined 18 per cent over three months and 17 per cent over six months.
Nvidia shares face pressure ahead of quarterly earnings
The correction comes ahead of Nvidia’s quarterly earnings announcement scheduled for November 17. Investors are closely monitoring the sustainability of global AI infrastructure spending.
They are also assessing demand for advanced semiconductor chips and the investment plans of major technology companies.
Meanwhile, developments involving Huang have brought Nvidia’s leadership under increased scrutiny.
According to reports, Huang engaged crisis communications firm Heller Inc. as early as October 2025. This was months before he publicly acknowledged an extramarital relationship with a former executive of Singapore-based data centre company Megaspeed.
The firm also joined Nvidia’s media response process following questions about chip sales. These concerns included the possible diversion of advanced semiconductors to Chinese entities, allegedly violating US export restrictions.
Megaspeed had reportedly acquired nearly $2 billion worth of Nvidia chips, the report said.
Jensen Huang acknowledges relationship as board orders investigation
In a statement released on Sunday, Huang acknowledged an affair with a former Megaspeed executive. However, he did not identify the woman.
He also apologised to his family and Nvidia employees.
Separately, Nvidia’s board announced an independent investigation following reports of a foreign intelligence operation targeting Huang.
The board said it had no reason to believe national security or confidential company information had been compromised.
US President Donald Trump also addressed the matter on Monday. He said the Federal Bureau of Investigation was examining Huang’s relationship with the woman.
The woman was suspected of having links to Chinese intelligence, according to reports. However, Trump expressed confidence in the Nvidia chief.
Trump said he had spoken to Huang earlier that day. He described the executive as a “very honourable man”.
“I know the FBI is looking into it, in terms of something else, and I think that he’ll be in good shape,” Trump told reporters at the White House.
Investors await Nvidia’s earnings for demand signals
Investors are now awaiting Nvidia’s November 17 earnings announcement. The results could offer fresh indications of future revenue growth and demand for AI processors.
Furthermore, the announcement may provide insights into spending by major technology companies. The market will also assess whether AI infrastructure investments can sustain demand for advanced chips.
