Spy Scandal: Nvidia Loses $400bn As Investors Dump Shares
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Spy Scandal: Nvidia Loses $400bn As Investors Dump Shares
Nvidia, the world’s largest artificial intelligence chipmaker, suffered a sharp stock market decline on Monday, with its market valuation falling by nearly $400 billion at the height of trading following allegations that its Chief Executive Officer, Jensen Huang, was targeted in a Chinese espionage operation. The sell-off came after the company’s board announced […]
Jensen Huang's personal scandal has put pressure on NVIDIA amid an independent investigation and scrutiny of US AI chip exports.
Nvidia shares fell 4.27 percent, with a loss of about $190 billion in market value. Allegations of a spying scandal require confirmation.
Company recorded a fall of 4.27% in shares after announcing a review of possible Chinese espionage against Jensen Huang; executive fortune shrunk $6.8 billion in a single day
US stock markets turned bright green. A notable upward outlier was the tech index Nasdaq, with a strong recovery for chip stocks. This was despite the blow to heavyweight Nvidia as a result of CEO Jensen Huang's affair with a woman who may have been spying on behalf of China.
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