British investors buy the dip on Nvidia at record pace despite Jensen Huang scandal
Jensen Huang, the company’s chief executive, has admitted an affair with a woman suspected of being a spy
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British investors are piling in to buy shares in AI giant Nvidia after the company’s stock price plummeted following the alleged spy scandal.
Since hitting a high point of around $240 in the first week of October, shares fell back to close on Tuesday evening at just below $169 – a drop of more than 29 per cent.
In the past two days – since chief executive Jensen Huang was revealed to have had an affair with a suspected spy amid wider concerns around the cost of the artificial intelligence buildout – the company value has dipped by around $430bn (£323bn).
However, several popular investment platforms and ISA providers have reported seeing customers plough into the shares as they fall.
Buying the dip, as it’s known, can raise your longer-term profit if shares re-establish themselves at previous higher levels – though, of course, there is high risk in investing in a company which either keeps falling in price or fails to recover its reputation.
The company is being sued by some investors for allegedly misleading them over national security concerns. But, given the billions rolling in quarterly for the production of chips fuelling the AI buildout, many investors are sticking with business fundamentals over headline news and backing a return to the top.
Nvidia was the most popular stock bought by investors across the AJ Bell and Dodl platforms, ahead of the likes of SpaceX and Micron, between 5 and 9 November. That included pensions, ISA and general investment account purchases.
Freetrade, meanwhile, confirmed that Monday was the highest value of buys for Nvidia ever seen in a single day on the platform, noting “a significant jump” of about 53 per cent compared to the previous highest trading day, which came in October 2025.
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“Users clocked up their biggest ever day of Nvidia buys, surging well beyond the previous record by total value, as they shrugged off reports of an alleged Chinese honeytrap targeting CEO Jensen Huang,” said Freetrade analyst Duncan Ferris.
“Fundamentally, their assessment may be that, while the evolving controversy surrounding Huang could compromise his leadership, the fallout will have little impact on Nvidia’s dominant position and prospective chip demand. After all, the AI buildout is bigger than one man.”
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- The Independent11 Nov, 13:18
| Publisher The Independent (established tier) | +76 |
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