Nvidia shares slide as US tech giant investigates CEO's affair with suspected Chinese spy
The board said its inquiry found no evidence that national security or Nvidia secrets were compromised, even as analysts warned of delays to product launches.
- Nvidia shares fell approximately 7% on Monday following reports about CEO Jensen Huang's personal life and a possible foreign intelligence investigation.
- The company is investigating reports that Huang was the target of a foreign intelligence effort.
- The decline comes amid growing concerns about the sustainability of AI investments and data center expansion, causing technology stocks to fall.
- Nvidia shares are down more than 20% from their peak, while the Nasdaq entered correction territory after dropping over 10% from its recent high.
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The chipmaker falls to $174.7 as of 1445GMT as scrutiny grows over Jensen Huang's relationship with alleged Chinese spy
Nvidia slumps after a ‘foreign intelligence’ probe initiated by AI company into CEO Jensen Huang - WSVN 7News | Miami News, Weather, Sports
Nvidia shares dropped 8% following the launch of an internal investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort involving a business executive linked to China.
Bowen Island Undercurrent
Nvidia slumps after a 'foreign intelligence' probe initiated by AI company into CEO Jensen Huang
Shares of Nvidia tumbled 8% at the opening bell Monday after the computer chip maker, central to the artificial intelligence race, opened an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort.
Nvidia shares crash 7% as CEO Jensen Huang affair scandal rattles investors
Nvidia shares plunged as investors worried that the controversy surrounding CEO Jensen Huang, including the board's probe into alleged Chinese intelligence links, could create leadership uncertainty, damage the company's reputation and invite greater political and regulatory scrutiny.
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