Nvidia Loses US$335B in Value as Jensen Huang Faces Board Probe
Nvidia’s market value fell by approximately US$335 billion in early trading on Monday, Nov. 9, as investors reacted to an independent investigation into CEO Jensen Huang’s relationship with a businesswoman suspected of working for Chinese intelligence. The sell-off followed Huang’s admission to employees that he had been unfaithful to his wife, adding a corporate leadership […]
Jensen Huang, the CEO of Nvidia, saw a US$335 billion reduction in his company's market value following allegations of a Chinese intelligence operation involving a relationship with a former executive. Nvidia's shares dropped nearly 7.5% on Monday, Nov. 9, after the independent investigation concluded. Huang admitted to being unfaithful to his wife, leading to the sudden market decline.
The board is conducting a probe into the alleged intelligence operation, which could result in additional leadership changes if misconduct is uncovered.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Nvidia CEO Jensen Huang admits affair as company launches investigation into foreign spy claims egyptindependent.com
- Nvidia faces defining test as Jensen Huang probe adds to chip stock turbulence scmp.com
- Nvidia stock slumps amid board investigation into CEO Jensen Huang cbsnews.com
- Affair de Huang lleva a Nvidia a investigación por espionaje chino bloomberg.com
- Nvidia stock slips as board probes Jensen Huang's tie to suspected Chinese spy qz.com
- Nvidia shares slump amid investigation into CEO Jensen Huang aljazeera.com
- Stock Market Today: Nvidia Stock Slides After Chip Maker Opens Probe wsj.com
- There is no one at Nvidia who would be ready to replace Jensen Huang marketwatch.com
