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Nvidia shares fell another 5.5% on November 10, bringing its two-day loss in market value to more than $400 billion. The company is investigating whether CEO Jensen Huang was the target of a foreign intelligence operation, as investors weigh the potential effects on its leadership and reputation.
Nvidia’s board is investigating a controversy involving CEO Jensen Huang. Its findings and whether he will remain in his role are uncertain. Shares fell 4.2% on November 9. Analysts say his departure could raise legal and strategic concerns, while demand for Nvidia chips is unlikely to drop sharply in the short term.
Nvidia’s board is investigating whether CEO Jensen Huang was targeted by a foreign intelligence agency. The company says he will remain in charge during the investigation and that it has no reason to believe national security or company secrets were compromised. The case has drawn attention to Nvidia’s succession plans.
