Nvidia Faces Consecutive Market Drops, Shareholder Lawsuits, and Independent Probe

According to a report by Eastmoney on November 11, 2026, Nvidia shares have fallen sharply over recent days. Citing market data, the report says the stock dropped for a second straight session on Tuesday, closing down about 5.5%, and that its market value evaporated by about $420 billion (roughly CNY 2.85 trillion) over the two days. The sell-off left Nvidia trailing other mega-cap tech stocks, and its market cap briefly fell behind Microsoft's. Microsoft briefly moved ahead of Nvidia on Tuesday, regaining the position of the world's second-largest listed company by market value. However, after Anthropic released an office software suite, Microsoft's losses widened in late trading and it fell back behind Nvidia by the close. At the close, Nvidia was worth about $4.078 trillion and Microsoft about $3.959 trillion. The report also notes that Nvidia has shed about $1.7 trillion from its peak on October 6, and about $1.2 trillion over the past 10 days.

Alongside the pressure on its share price, Nvidia is facing new legal and governance challenges. The report says a shareholder filed a class-action lawsuit in California on Monday, accusing Nvidia and CEO Jensen Huang of misleading investors in past disclosures and responses concerning a related matter, and seeking damages on behalf of investors who bought the stock during a specific period. According to a November 10 statement, Nvidia's independent directors have engaged Joon H. Kim, former acting U.S. Attorney for the Southern District of New York, and his firm, WilmerHale, to conduct an independent investigation. As of the report, both the lawsuit and the investigation remain ongoing.