Bengaluru/New Delhi, Nov. 12 -- Just a month ago, Nvidia's Indian employees were sitting on a record stock windfall. A market panic around artificial intelligence (AI) companies and a scandal around the chipmaker's chief executive have erased much of it.

Employees at Nvidia Graphics Pvt Ltd, the chipmaker's Indian branch, held about 7.05 million unvested restricted stock units (RSUs) as on 31 March 2026, according to a Mint review of the company's financial statement filed with corporate affairs ministry.

At the time, Nasdaq-listed Nvidia's shares traded at around $170 apiece, making Nvidia's India RSUs worth about $1.2 billion. Between then and the first week of October, Nvidia's share price rose to $244, lifting the net worth of the u...