Nvidia extends probe-driven slide, down more than 6% Tuesday
What happened
Nvidia extended its slide on Tuesday, November 10, dropping more than 6% — the steepest decline among major U.S. stocks — amid the ongoing fallout from the board's independent probe into CEO Jensen Huang's reported ties to an alleged Chinese spy. The drop came on top of Monday's 4.27% fall, leaving the stock down roughly 10% in two sessions since the probe was disclosed. The slide also cost Nvidia its market-value lead over Microsoft: Microsoft passed Nvidia for the first time since June 2025, with Nvidia valued at roughly $4.09 trillion against Microsoft's roughly $4.03 trillion in a Nov 9-10 snapshot. The broader market fell alongside, with the Nasdaq down 1.1% and the S&P 500 down 0.6%, and the 10-year Treasury yield surging to 4.99% after the hot October CPI report.
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Start your free 14-day trialWho’s affected
- Nvidia (NVDA): down more than 6% Tuesday, the worst performer among major indexes; two-day decline now roughly 10% since the probe news broke
- Microsoft (MSFT): passed Nvidia in market value for the first time since June 2025, with Nvidia at roughly $4.09 trillion and Microsoft at roughly $4.03 trillion in a Nov 9-10 snapshot
- Semiconductors / AI hardware: the Nasdaq fell 1.1% and the S&P 500 0.6% Tuesday, with technology the weakest sector, as the AI leader's slide weighed on sentiment
- Mag 7: Nvidia was again the outlier — the other six members rallied Monday and held up better Tuesday, showing the probe is being treated as Nvidia-specific rather than an AI-demand signal