Nvidia Corp. shareholder Bobby Martin has watched roughly $90,000 of his stock market wealth vanish after scandalous revelations broke last weekend about former Chief Executive Officer Jensen Huang. Having bought about $100,000 of Nvidia shares in 2023 at $49, he estimates he is still up roughly 70%, and he’s betting the stock will recover.
Martin, who’s retired and splits his time between Seattle and Spain, said he originally bought Nvidia for its dominance in graphics processors and artificial-intelligence computing chips, not out of faith in Huang.
“It’s crazy,” Martin said. “Trillions of dollars should not hinge upon some guy’s sex life.”
Until this week, Nvidia’s retail investors were some of the luckiest people in the markets, enjoying nearly 300% gains over the last three years. That has come to a halt with the disclosure that Huang had an affair with a suspected Chinese spy and two others, leading to his ouster from the company.
News about the affair over the weekend sent shares tumbling, cutting the chipmaker’s market capitalization by about $2 trillion in the span of a week. The stock is down roughly 30% from its record high in October and now trading at its lowest level since July 2025.