Nvidia shares fall after ‘honeytrap’ investigation launched, as China denies spying claims – business live
Nvidia shares fell after its board began investigating longtime CEO Jensen Huang over whether his extramarital affair exposed the giant chipmaker to a foreign espionage operation.
Key points
- Boss of world’s most valuable company admits affair as it investigates reports he was the target of ‘a foreign intelligence effort’ Nvidia opens investigation after report CEO Jensen Huang was target of foreign intelligence Huang is receiving support from some fellow tech executives, including Elon Musk.
- For now, one analyst noted, Huang staying on had helped stanch declines in Nvidia stock: “If we genuinely thought he was going to step down,” he told Reuters, “ it would be an absolute bloodbath.” — Prashant Rao.
- “While Nvidia has sought to reassure us all, there are several layers here, beginning with the unfortunate timing.
Musk commented “I agree” on a post by Sequoia partner Shaun Maguire that said Huang “did something incredibly dumb” that was “bad for America” but that “Jensen is irreplaceable for America’s AI leadership”.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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