Nvidia's Board Launches Investigation into CEO Jensen Huang's Affair with an Alleged Chinese Spy

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Nvidia's (NVDA) board is launching an independent investigation into reports that a woman with whom CEO Jensen Huang had an affair was allegedly spying on him for the Chinese government.

Nvidia stock fell 4% before the bell on Monday.

In an email to employees on Sunday, Huang admitted to having an extramarital affair.

"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Huang wrote.

"To my colleagues at Nvidia, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading Nvidia is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to Nvidia and will work to earn back your confidence," the CEO added.

In a statement on Sunday, the board said that "a committee of independent directors, assisted by outside independent counsel, will oversee the investigation" into the matter.

"While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information," the board said in a statement.

The revelations come after reports of ties between Huang and a woman believed to be passing information to the Chinese government. Yahoo Finance reports.

⏳ The Market’s Correction Is Entering Its Final Phase — but Wait Before Buying the Dip, Says Morgan Stanley Chief Strategist

The market correction is entering its final stage and is now likely setting up for a year-end rally, according to Morgan Stanley.

The investment bank’s view was that the last phase of the correction, which started in June, would involve narrowing breadth in the S&P 500. For strategists led by Mike Wilson, this is currently playing out as the index gets closer to reaching Morgan Stanley’s 7,100 to 7,300 downside target, while breadth is considerably off its lows.

Futures linked to the S&P 500 are currently pointing toward a 0.2% rise, with the index expected to open at 7,417.50.

The two main factors that have led the benchmark index to this point are the Federal Reserve’s increasingly hawkish stance and the peak rate of change in earnings per share and revenue growth outlooks, the strategists said. MarketWatch reports.

💾 What's Going on with SanDisk Stock Monday?

Sandisk Corp. (NASDAQ: SNDK) stock fell in premarket trading on Monday as investors weighed broader weakness in artificial intelligence stocks, regulatory uncertainty, and growing competition in the memory chip market.

The stock declined despite gains in broader market futures. Nasdaq futures rose 0.36%, while S&P 500 futures gained 0.53%.

Sandisk faces pressure from a broader selloff in AI infrastructure and semiconductor stocks.

Investors are also watching potential regulatory changes following the U.S. midterm elections. Tighter oversight of data center development could affect demand for NAND flash memory.

Meanwhile, competition concerns have intensified as Chinese memory chipmaker **ChangXin Memory Technologies** expands production. Benzinga reports.

🛢️ Why Is Greenfire Resources Stock Skyrocketing Monday?

Greenfire Resources Ltd. (NYSE: GFR) stock surged nearly 36% in Monday’s premarket trading after Strathcona Resources Ltd. announced an agreement to acquire the Canadian oil sands producer.

The deal, announced on Sunday, values Greenfire at approximately 2.7 billion to 2.9 billion Canadian dollars, including debt.

Under the agreement, Greenfire shareholders can choose between 11 Canadian dollars in cash or 0.25 Strathcona shares for each Greenfire share.

The cash offer represents a 39% premium to Greenfire’s Nov. 6 closing price and a 26% premium to its 30-day volume-weighted average price. Benzinga reports.

🧠 Nasdaq Gains Over 1% as Chipmakers Recover: Investor Sentiment Improves, but Fear & Greed Index Remains in ‘Extreme Fear’ Zone

The CNN Money Fear and Greed Index showed some improvement in overall market sentiment, while the index remained in the “Extreme Fear” zone on Friday.

U.S. stocks settled mixed on Friday, with the Nasdaq Composite gaining over 1% after recording sharp losses in the previous session.

Major averages recorded losses last week, with the Nasdaq losing 3.4% and the S&P 500 falling 2.7%. The 30-stock Dow, meanwhile, lost 0.9% during the week.

Shares of Micron Technology Inc. (NASDAQ:MU) gained 5% on Friday following a 17% plunge in the previous session. Nvidia Corp. (NASDAQ:NVDA) gained around 3% after dipping 9% on Thursday.

On the earnings front, DraftKings Inc. (NASDAQ:DKNG) shares dipped 21% after the company reported worse-than-expected quarterly financial results and cut its FY26 sales guidance below estimates. Charter Communications Inc. (NASDAQ:CHTR) shares fell around 6% after the company reported third-quarter financial results. Benzinga reports.

🚌 US Opens Probe into Waymo Vehicles over School Bus Safety Violations

The US National Highway Traffic Safety Administration said on Monday that it had opened a recall query into 2,895 vehicles operated by Alphabet's (GOOGL) self-driving unit Waymo over continued traffic safety violations involving the vehicles' behavior when encountering school buses.

The probe will determine whether a software fix Waymo rolled out late last year failed to stop its driverless cars from passing school buses with flashing red lights, as most of the violations happened after the company said the remedy was fully deployed. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) OMH: Ohmyhome Limited
Total gain: +107.20%

2) CKX: CKX Lands, Inc.
Total gain: +63.07%

3) NWGL: CL Workshop Group Limited
Total gain: +52.17%

4) GFR: Greenfire Resources Ltd.
Total gain: +37.86%

5) YPF: YPF Sociedad Anónima
Total gain: +4.87%

The closing price of the top three market percent gainers trading near or above $2 on Nov 6.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) STAK: STAK Inc.
Total gain: +82.12%

The stock appeared to be moving on no notable news.

2) GOGO: Gogo Inc.
Total gain: +71.52%

The company announced that the Federal Communications Commission (“FCC”) has renewed the Company’s Commercial Aviation Air-Ground Radiotelephone licenses for an additional 10-year term, extending Gogo’s authorization to operate its exclusive nationwide air-to-ground (“ATG”) spectrum through October 31, 2036. GlobeNewswire reports.

3) SKIN: SkinHealth Systems Inc.
Total gain: +51.79%

The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

KUBTY

Kubota

Q3 2026

Before Market Open

Estimate: 1.910

Actual: 1.440

MZDAY

Mazda Motor

Q2 2027

Before Market Open

Estimate: N/A

Actual: 0.290

FUJIY

FUJIFILM Holdings

Q2 2026

Before Market Open

Estimate: 0.170

Actual: 0.177

Time (ET) / Report / Period

• 10:00 AM / Monthly Wholesale Trade / Sep
• 10:00 AM / Federal Reserve Bank of Chicago President Austan Goolsbee speaks at Leadership Greater Chicago event
• 12:15 PM / Federal Reserve Bank of Richmond President Thomas Barkin speaks to the Greater Greer Chamber of Commerce

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