Nvidia sinks on stock exchange after launching an investigation into an extramarital relationship of its CEO
Shares fall by as much as 6% due to doubts about the future of Jensen Huang, the current top figure in the technology industry and key to the company's success in recent years.
Nvidia's shares are falling nearly 6% to $175 in after-hours trading. The company's board has launched an independent investigation into claims that the woman with whom CEO Jensen Huang had an extramarital relationship was allegedly spying on him for the Chinese government. Nvidia's market value was $4.5 trillion before Monday's drop, making it the world's second-largest company by market capitalization, behind Apple.
The uncertainty surrounding Huang's future has led to increased short-selling activity, with cryptocurrency trades linked to Nvidia exceeding $189 million in 24 hours and new short positions totaling around $9.1 million.
Written by urgent.news from El Pais's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
