Nvidia shares rebound 4% as investors weigh CEO scandal impact

Nvidia shares rebounded 4.5% in premarket trading Wednesday after two days of declines tied to CEO Jensen Huang's affair with an alleged Chinese spy, as investors weigh potential business fallout ahead of quarterly earnings on Nov. 17. The stock fell 5.47% Tuesday and 4.3% Monday following revelations about the scandal. Nvidia hired law firm Wachtell, Lipton, Rosen & Katz to investigate whether company secrets or national security were compromised, while Huang returned to the office Monday and Tuesday projecting business as usual. Bank of America outlined three scenarios in a Tuesday note, ranging from contained impact with leadership continuity to escalated effects involving adverse findings, leadership disruption, or tighter restrictions requiring earnings reassessment.