Abstract:
On November 9, Nvidia CEO Jen-Hsun Huang’s private scandal triggered a violent reaction in the market. The company’s stock price fell 8.8% during the session. Based on the previous market value of about 4.5 trillion US dollars, the market value shrank by a maximum of about 396 billion US dollars. It has set a record for the largest single-day market value loss of a listed company due to a senior executive’s personal scandal.
This scale far exceeds the scale of losses caused by Tesla's stock price falling 14.3% in a single day and the market value evaporating by approximately US$150 billion in June 2025 when Tesla CEO Musk publicly broke with US President Trump.
At the same time, the value of Huang Renxun’s personal holdings also shrank by approximately US$14.3 billion.
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