Nvidia stock falls as board investigates CEO Jensen Huang
Nvidia's board has launched an independent investigation following reports of a relationship between CEO Jensen Huang and a woman suspected of spying for China.
Shares of the chip giant Nvidia fell by approximately 6% as the scandal surrounding CEO Jensen Huang widened, according to reports from CNBC and the South China Morning Post. Nvidia's board of directors has launched an independent investigation into the relationship between Huang and a woman suspected of being a Chinese intelligence operative.
The company previously stated it has no reason to believe its corporate secrets or U.S. national security were compromised. Huang has admitted to the affair and apologized to employees and his family. Further details regarding the status of the investigation or its long-term impact on the company have not yet been published.
Sources: CNBC Tech, South China Morning Post, Bloomberg.com, Axios, BBC Asia
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