NVIDIA shares fell 5.47% to $168.89 on Nov. 10, extending a 4.27% decline the previous day and bringing the two-day loss to about 9.5% from the Nov. 6 close of $186.64. The slide followed CEO Jensen Huang’s admission of an affair with a woman suspected of being a Chinese spy. NVIDIA’s market capitalization fell to about $4.1 trillion at the close and was briefly overtaken by Microsoft during intraday trading, leaving the company third behind Apple and Microsoft. Forbes estimated Huang’s net worth at $146.8 billion, ranking him 12th globally and marking a four-place decline during the week. The selloff also came amid broader pressure from a hotter-than-expected October Consumer Price Index report, higher Treasury yields, artificial-intelligence concerns and expectations for a December Federal Reserve rate increase. NVIDIA’s relative strength index fell to 23, its most oversold reading since June 2019. Chip stocks have lost about $5 trillion in market value since Oct. 6. NVIDIA is scheduled to report quarterly results on Nov. 17, while Anthropic’s initial public offering could follow as soon as Nov. 19.