Jensen Huang Watch posted an update
Nvidia shares have fallen about 30% from their October peak, cutting roughly $1.7 trillion from the company’s value, This Is Money reports. The latest drop followed Donald Trump’s statement that the FBI is looking into the controversy involving chief executive Jensen Huang and a woman described in the report as a suspected Chinese spy.
Why it mattersThe figures capture the market’s reaction, not proof of the allegations. This Is Money also says Nvidia’s board has commissioned an independent investigation and that the company and Huang face a shareholder class action alleging they concealed the affair.
Discuss: How much should a CEO-related controversy affect a company’s valuation before an investigation establishes what happened?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.