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Nvidia stock plunges amid spy scandal

The chipmaker's stock value dropped sharply following the revelation of an affair between CEO Jensen Huang and a woman suspected of spying for China.


Jensen Huang at Computex Taipei, 2010
Jensen Huang at Computex Taipei, 2010 · Photo: Masaru Kamikura · CC BY 2.0 · Wikimedia Commons

The market value of chip giant Nvidia plunged by more than 200 billion euros in hours as the scandal surrounding CEO Jensen Huang widened. According to reports by Welt and Al Jazeera, the company is conducting an internal investigation after it was revealed that Huang had an intimate relationship with a woman suspected of spying for Chinese intelligence. Meanwhile, sources in China have dismissed the espionage allegations as a smear campaign.

Sources: Welt, Al Jazeera

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