General · 1 day ago
Nvidia loses $430bn in value after boss's spy affair emerges
Photo by BoliviaInteligente on Unsplash
Nvidia's share price declined by almost 5.5% on Tuesday, following a 4.27% decrease on Monday, reducing its valuation to $4.07tn from $4.50tn. The chip giant's board engaged Wachtell, Lipton, Rosen & Katz, a New York law firm, and attorney Joon Kim to probe chief executive Jensen Huang's connection with Alice Huang. China says the claims are groundless, and the FBI is running its own investigation.
Reported by Guardian · How we write briefs