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CNN: Jensen Huang dreamed up Nvidia at a Denny’s. The spy scandal threatens decades of his life’s work
Wachtell, Lipton, Rosen & Katz will examine whether Huang was targeted by a foreign intelligence effort as Nvidia shares fell more than 5% this week.
- On Tuesday, Nvidia retained New York law firm Wachtell, Lipton, Rosen & Katz to investigate whether CEO Jensen Huang was a target of a foreign intelligence effort.
- The scandal has sent Nvidia shares down over 5% this week, as stunning allegations threaten the legacy of the company's powerful leader.
- "I take full responsibility for what I did and the hurt I caused," Huang said in a statement Sunday, emphasizing his commitment to protecting Nvidia and America's national security.
- Analysts told CNN they do not foresee Huang being toppled by the scandal, though Michael Monaghan, portfolio manager of the Founders 100 ETF, said removal would require "James Bond-level stuff."
- Nvidia is worth more than $4 trillion yet lacks a clear succession plan, a gap that could amplify investor concerns should the investigation reveal serious misconduct.
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By Anna Cooban and Clare Duffy, CNN Nvidia Executive Director Jensen Huang has spent more than three decades building a company that has made it one of the most powerful figures in the technology sector. Now, shocking accusations threaten that legacy, as its board of directors has hired a prestigious firm.
·Panama City, United States
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KITV4 News+2 Reposted by 2 other sources
Jensen Huang dreamed up Nvidia at a Denny’s. The spy scandal threatens decades of his life’s work.
Nvidia CEO Jensen Huang has spent more than three decades building a company that has made him one of the most powerful figures in tech. Now, stunning allegations threaten that legacy, as his board has hired a high-profile law firm…
·Honolulu, United States
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Total News Sources7
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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