Nvidia shares slide as US tech giant investigates CEO's affair with suspected Chinese spy
- 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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80 Articles
The value of chip manufacturer Nvidia fell by the equivalent of 312 billion euros on Monday. The decline in value is the result of the research that the company...
The failure of Jensen Huang is a burden on Nvidia's business. This also applies to Wall Street: While prices were generally rising, the chip company's shares declined.
The chipmaker falls to $174.7 as of 1445GMT as scrutiny grows over Jensen Huang's relationship with alleged Chinese spy
We Are Now Learning in Real Time Whether the Stock Market Cares About an AI Executive Admitting to an Affair With an Alleged Chinese Spy
We are now learning in real time whether the stock market cares about an AI executive admitting to an affair with an alleged Chinese spy.
The US semiconductor giant lost about $300 billion in stock market valuation this Monday.
The affair is costing CEO Jensen Huang over 350 billion dollars in market value.
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