NVIDIA Corporation (NVDA) shares remain under significant downward pressure and volatile due to a combination of recent factors:
• Jensen Huang scandal: The CEO acknowledged in an internal email an extramarital relationship with Alice Huang, an executive at Megaspeed (a Singapore-based customer reportedly linked by U.S. intelligence to alleged espionage for China), raising concerns about export controls and corporate governance.
• Market and technical reaction: After plunging in the days prior, the stock has fluctuated with significant volatility (trading around $175 USD, with sharp rallies and drops), accumulating a substantial decline from its previous highs, with attention focused on the November 18 hearing.
• Attractive valuation vs. caution: Due to the sharp decline, Nvidia’s forward P/E has fallen to multi-year lows (around 13–14x), which some analysts see as a buying opportunity based on valuation, while others prefer caution amid the investigations and regulatory risk.