MWE Correspondent
Nvidia shares extended their losses for a second consecutive trading session on November 10, 2026, as growing concerns over the chipmaker’s leadership, artificial intelligence investments and data-centre expansion unsettled investors, wiping out an estimated more than $470 billion in market value over two days.
The company’s shares closed down 5.5% at approximately $168.89 on Tuesday, following a decline of more than 4% in the previous session. The two-day sell-off erased a significant portion of Nvidia’s gains in 2026 and intensified pressure on the world’s leading artificial intelligence chipmaker.
The decline came amid controversy surrounding Chief Executive Officer Jensen Huang, following reports of his alleged relationship with a businesswoman suspected by US intelligence officials of having links to Chinese intelligence. The allegations have raised questions about potential national security implications, corporate governance and the company’s leadership.
Nvidia’s board has launched an independent investigation into the matter, while the Federal Bureau of Investigation (FBI) has also been reported to be examining the circumstances surrounding the alleged intelligence connections. Huang has acknowledged personal misconduct, but the allegations involving espionage have not been established as fact.
The controversy has increased uncertainty around Huang’s position at the company, particularly because of his central role in Nvidia’s growth and its dominance in the global AI chip market. He has led the company since 1993, overseeing its transformation from a graphics processor manufacturer into one of the world’s most valuable technology businesses.
Beyond the leadership concerns, investors are increasingly questioning whether the enormous financial commitments being made to artificial intelligence infrastructure will generate sufficient returns.
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Technology companies have committed hundreds of billions of dollars to building data centres, purchasing advanced processors and expanding computing capacity to support AI services. However, uncertainty remains over how quickly these investments will translate into sustainable profits.
Nvidia has also faced complications surrounding the development of a major data-centre project in Ohio, adding to concerns about the pace and cost of expanding AI infrastructure.
Broader economic pressures have contributed to the market downturn. A higher-than-expected US inflation reading strengthened expectations that the Federal Reserve could raise interest rates again, putting additional pressure on technology shares, whose valuations are particularly sensitive to borrowing costs and expectations of future growth.
Nvidia’s losses also weighed on other technology companies and major US stock market indices, with the Nasdaq Composite falling around 1% during Tuesday’s trading session. Other businesses associated with artificial intelligence infrastructure also experienced declines as investors reassessed the sector’s outlook.
Despite the sell-off, some market analysts maintain that the long-term demand for AI computing remains strong, arguing that the recent volatility could create buying opportunities for investors who believe in the technology’s future growth.
Attention is now turning to Nvidia’s upcoming quarterly earnings report, scheduled for November 17, which is expected to provide further insight into demand for its advanced chips, data-centre revenue and the financial performance of its AI business.
The results could prove important in determining whether Nvidia can restore investor confidence amid mounting questions about its leadership, the sustainability of AI spending and the company’s ability to maintain its competitive position in the global semiconductor industry.
