Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens
Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed about $400 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing. The CEO's relationship with Alice Huang helped facilitate shipments of at least $7.5 billion worth of Nvidia chips to Chinese firms,…
Nvidia's stock continued its downward spiral on Tuesday, with the chip manufacturer facing a potential $400 billion market value loss over two sessions. The decline was fueled by mounting concerns over the fallout from CEO Jensen Huang's alleged affair with Alice Huang, a Chinese businesswoman suspected of spying for Beijing. The CEO's relationship with Alice Huang reportedly helped facilitate shipments of up to $7.5 billion in Nvidia chips to Chinese firms, according to The Information's report on Tuesday.
The allegations have heightened scrutiny of Nvidia's governance, export-control compliance, and dependence on Huang's leadership, adding to investor unease about the potential returns from massive investments in AI infrastructure. Following a 4.3% drop on Monday, which saw Nvidia lose $192.08 billion in market value, Tuesday's decline added another estimated $221 billion at risk if losses persist.
Investors are now questioning whether this downturn is company-specific or if it could trigger broader restrictions and disruptions across the AI infrastructure sector.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- All you need to know about Nvidia CEO Jensen Huang’s affair with suspected Chinese spy myjoyonline.com
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- Trump says FBI investigating Nvidia boss’s affair with alleged Chinese spy kahawatungu.com
- FBI investigates a suspected Chinese spy targeting Nvidia CEO sabcnews.com
- Where is Alice Huang? 5 explosive allegations against woman at the centre of Nvidia spy row indianexpress.com
- Nvidia heads for $400 bil. 2-day wipeout as CEO affair fallout deepens koreatimes.co.kr
- All you need to know about Nvidia CEO Jensen Huang’s affair with suspected Chinese spy 3news.com
- Faisal Islam: What Jensen Huang told me about China, national security and persuading Trump bbc.co.uk
