- Hyperliquid NVDA-USDC perps fell 3.8% to $180.50 late Sunday.
- Nvidia’s board said it had no reason to believe secrets were compromised.
- Huang backed the inquiry, apologized to his family, and remains CEO.
Nvidia stock weakened in overnight trading after the company’s board announced an independent inquiry. The review follows reports that CEO Jensen Huang was targeted by a foreign intelligence effort. Hyperliquid’s NVDA-USDC perpetual futures fell 3.8% in 24 hours to $180.50 late Sunday, with $170 million in volume. Reuters later reported both Nvidia stock and perps near $180.30 Monday, about 3.4% below Friday’s $186.64 close.
Nvidia Stock Slides as Hyperliquid Perps React to Board Inquiry
Independent directors, assisted by outside counsel, will review available information. The board said it had no reason to believe U.S. national security or Nvidia secrets were compromised. Huang supports the inquiry and will cooperate; Nvidia said he would remain CEO without interruption. He separately told employees he had been unfaithful to his wife and apologized in a memo to staff.
The New York Times reported a relationship between Huang and Alice Huang, a Chinese businesswoman. The report alleged she had been recruited to gather intelligence. Reuters described her as a former Megaspeed executive and said it could not reach her for comment. The board statement does not confirm that information was passed or secrets were compromised.
Jensen Huang Probe Tests Leadership Confidence at Nvidia
With U.S. cash markets closed, Nvidia stock perps became an early price signal. Analysts said thin liquidity and leverage may have amplified the move. Bitcoin fell 0.8% and ether 4.2%, while S&P 500 futures rose 0.6%.
Polymarket put the odds of Huang leaving by year-end at 16%; Kalshi showed an 18% chance by January 2028. Both reflect market speculation, not an announced departure. Trump called Huang honorable. Bill Ackman said he hoped the matter proved to be an affair rather than a security risk.
Taiwan’s stock index rose 5.4%, Japan’s Nikkei gained 3.2%, and South Korea’s Kospi advanced 1.7%. For Nvidia stock, board findings and any change in Huang’s leadership remain key variables. Maeda said pressure could persist if Congress escalates or China-linked sales face tighter scrutiny.
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