NVIDIA shares fall about 5 percent before the open as lawmakers seek answers from Huang

CNBC reports NVIDIA was down 5.2 percent in premarket trading on Monday, the first session since its board opened an investigation into reports that Jensen Huang was the target of a foreign intelligence effort. Three House Republican committee chairs have asked Huang to a closed-door briefing on Nov 18, the day after earnings, and Democratic Senator Chris Coons said Congress will investigate. China's Foreign Ministry called the spy narrative unsubstantiated. NVIDIA declined to say whether Huang will appear.

Why it matters: The probe now runs straight into NVIDIA's Nov 17 earnings and a congressional briefing the next day.

Premarket move, Nov 9

Down 5.2% (CNBC)

Requested briefing

Nov 18, closed-door

Earnings

Nov 17

The premarket figure is not the day's close. The espionage claims come from press reports of a US intelligence memo and are not official findings.