Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy
- Nvidia and CEO Jensen Huang face a proposed shareholder class action alleging they concealed Huang’s relationship with Alice Huang, a former Megaspeed executive whom US authorities reportedly identified as a Chinese intelligence asset.
- The complaint alleges that Nvidia failed to disclose possible national-security concerns and reputational and business risks, but the allegations have not been proven.
- Nvidia’s board opened an independent investigation, while Huang said he would cooperate and remain CEO during the review.
- Nvidia shares closed 4.3% lower, reducing the company’s market value by about $190 billion.
331 Articles
331 Articles
Nvidia heads for $470B wipeout as fallout in CEO affair deepens
REUTERS — Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed more than $470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's affair with a Chinese…
Nvidia heads for $470B wipeout as fallout in CEO affair deepens
REUTERS — Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed more than $470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's aff air with a…
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