Nvidia falls more than 8% at the opening of Wall Street, weighed down by the espionage affair involving its boss
The title of the semiconductor giant fell on Wall Street following the announcement of an internal investigation targeting its CEO.
Quick Look
Nvidia shares fell as much as 8% on the New York Stock Exchange on Monday, November 9, after the opening of an internal investigation into CEO Jensen Huang regarding an extramarital affair.
AI-generated summary
Why It Matters
Nvidia's board of directors has launched an independent investigation into its CEO Jensen Huang following revelations of an extramarital affair.
The shares of American semiconductor giant Nvidia fell sharply in early trading on Monday, November 9, on the New York Stock Exchange, weighed down by the alleged espionage affair involving the group's boss, Jensen Huang.
When Wall Street opened, Nvidia shares fell up to 8%, or around $300 billion in market valuation gone up in smoke. Around 2:50 p.m. GMT, the stock had only lost around 5%.
Jensen Huang admitted to an extramarital affair and said he was “deeply sorry” in a message to his company. He is now the target of an independent investigation launched by his own board of directors regarding this woman named Alice Huang, no relation to him.
What to Watch
AI outlook — possibilities, not facts
Continuation of the independent investigation by the board of directors.
Very likely · Within weeks
Open Questions
- What will be the conclusions of the independent investigation?
- What is the long-term impact on Nvidia's governance?
