Some Say Nvidia Chief's Affair Won't Affect Stock in the Long Run -- WSJ

By Krystal Hur

Some on Wall Street are sticking with Nvidia CEO Jensen Huang after the chipmaker's board said it is probing whether he was the target of a foreign espionage effort after he had an affair with a tech executive.

Nvidia shares fell 5.3% on Monday, but some say they're looking past the selloff.

"Limited impact on Nvidia by the Huang honeytrap story," wrote Giuseppe Sette, co-founder of Reflexivity, an investment analysis firm. "It is a well-known issue within all AI Labs that their employees are targets of such operations."

Dan Ives, a partner at Yorkville Ives who has frequently called Huang the "godfather of AI," on Monday reiterated the firm's "outperform" rating and $300-a-share price target for Nvidia. Though the investigation could hurt the stock short-term, Huang will likely stay on as CEO, Ives said.

"Jensen is the core DNA of Nvidia and its AI success and ambitions are heavily tied to him staying on as CEO. Jensen is not replaceable," Ives, a well-known tech superbull, wrote.

Yorkville Ives is a merchant bank created in partnership between the longtime tech analyst and Yorkville Securities, an arm of a firm that has been a key financial backer of Trump Media.

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November 09, 2026 13:43 ET (18:43 GMT)