Nvidia Shares Slide As CEO Jensen Huang Faces Board Scrutiny Over Affair With Alleged Chinese Spy (File Image)
\n\nNvidia Corp's shares closed more than 4% lower after falling over 7% at one point during the trading session. The chipmaker's market value reportedly declined by more than $230 billion at one point amid reports of an independent board investigation into whether CEO Jensen Huang was targeted in a foreign intelligence operation.
\n\nThe development has raised questions about Nvidia's corporate governance, reputation and the potential implications for its business dealings with China and the wider artificial intelligence industry. Analysts have also raised concerns about the possible impact of the controversy on investor sentiment.
\n\nOverall, US markets had a strong session, with all three major indexes ending more than 2% higher. The Nasdaq Composite gained 2.7%, the Dow Jones Industrial Average advanced 2.15%, while the S&P 500 rose 2.35%.
\n\nNvidia CEO Jensen Huang is one of the most influential leaders in the technology industry. He has a close relationship with US President Donald Trump and has repeatedly advocated easing restrictions on the company's ability to sell AI chips to China.
\n\nNvidia's board of directors has initiated an independent investigation following reports that Huang…
Original source: https://www.timesnownews.com/business-economy
