Nvidia Shares Slide as FBI Probes CEO Jensen Huang's Affair With Alleged Chinese Spy
Nvidia CEO Jensen Huang. Image via Wikimedia Commons. Shares in Nvidia fell sharply on Monday after its chief executive, Jensen Huang, admitted to an extramarital affair and the company said it was investigating reports that he was the target of a foreign intelligence effort, according to CNN and the BBC. What happened Nvidia shares fell as much as 8.8% shortly after Monday's opening bell, before paring some losses to end the day down roughly 4.3%, erasing about $192 billion from the company's market value, according to CNN. The stock is now down about 25% from its peak a month ago, and last week erased its gains for this year. Huang has acknowledged he had been intimate with a business executive, and issued an apology to his wife and to the company in an open letter posted on Nvidia's website. Nvidia announced on Sunday it was conducting an independent investigation into reports that Huang was the "target of a foreign intelligence effort". The New York T...