The Trading Day · Monday, November 9, 2026

Nvidia — CEO Admits Affair With Suspected Chinese Spy; Nasdaq Futures Slip 1%, Taiwan Jumps 4.9%

The weekend brought a story no model of the AI trade had in it. In a memo to staff on Sunday, Nvidia chief executive Jensen Huang wrote that he had been unfaithful to his wife. The New York Times had reported on 29 October that US intelligence officials concluded the woman, an executive at a Singapore-based Nvidia customer, worked as a Chinese spy. Nvidia's board has set up a committee of independent directors with outside counsel to investigate, and says it has no reason to believe national security or company secrets were compromised. Huang stays in charge.

The Morning 10

1 Nvidia — Huang admits an affair with a suspected Chinese spy; the board opens an independent probe
2 AI Trade in Asia — Taiwan +4.9%, Nikkei +2.3%; Kospi −0.8%
3 Asia's AI Bellwethers — TSMC +4.7%; SK Hynix and Samsung give back early gains
4 Friday in New York — Nasdaq-100 +1.35%, chips +3.5%, optical names up 6% to 14%
5 AI Indices — Rubin −13.2% on the week, AEI −10.5%; HALO +0.6%, AW40 +0.3%
6 Futures, Bonds, Gold, Bitcoin — Nasdaq futures −1.1%, gold 4,096, Bitcoin 73,800
7 AI Power — Constellation Energy and NRG report today
8 Software — monday.com reports after a 6.3% drop on Friday
9 Earnings Record — four grades at today's close; three are below their sold lines
10 Nvidia's Calendar — results 17 November, House briefing 18 November

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