Jensen Huang Loses $7.4 Billion In 30 Minutes As Nvidia Shares Slide; Falls 2 Spots On Forbes Rich List
\n\nNvidia CEO Jensen Huang's networth fell as much as 7.4 billion dollars in the first 30 minutes of trade! This massive decline was after a sell-off sparked by the unprecedented scandal. Nvidia CEO Jensen Huang slipped to the 10th place on the Forbes' list of the world's richest people after his net worth plunged by $7.4 billion.
\n\nThe company's share price witnessed this decline amid the probe into his relationship with an alleged Chinese spy. Huang's net worth declined from 162.2 billion dollars to 154.7 billion dollars within the first half-hour of trading and pushed him down two places from No. 8 to No. 10 in the Forbes real-time billionaire rankings list. This was also the first trading session since the company confirmed an investigation into Huang. The latest development places him below Berkshire Hathaway Chairman Warren Buffett and Oracle Co-Founder Larry Ellison in the billionaire rankings.
\n\nAnalysts believe Nvidia CEO Jensen Huang's controversy could not only lead to near-term uncertainty for the chipmaker but the concerns could reflect beyond the immediate stock market reaction. The stock market reaction comes amid…
Original source: https://www.timesnownews.com/business-economy
