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Nvidia Stock Falls as Jensen Huang Scandal Triggers Board Investigation
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Nvidia (NVDA) shares came under pressure after CEO Jensen Huang admitted to an affair with a woman suspected by US intelligence of having ties to Chinese espionage. Huang apologized to his family and employees in a Sunday memo, confirming his infidelity and pledging full cooperation with the company’s investigation. Nvidia’s board has launched an independent probe into whether Huang was targeted by a foreign intelligence operation. The controversy adds uncertainty around the world’s most valuable company as US lawmakers seek answers. Nvidia is scheduled to report its quarterly earnings on November 17.
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