Spy Scandal: Nvidia Loses $400bn As Investors Dump Shares

Nvidia, the world’s largest artificial intelligence chipmaker, suffered a sharp stock market decline on Monday, with its market valuation falling by nearly $400 billion at the height of trading following allegations that its Chief Executive Officer, Jensen Huang, was targeted in a Chinese espionage operation.
 
The sell-off came after the company’s board announced an independent investigation into reports linking Huang to Alice Huang, a Chinese business executive suspected by United States intelligence agencies of gathering information for Beijing.
 
Nvidia shares fell as much as 8.8 per cent in early trading on Monday, wiping nearly $400 billion off its market capitalisation and ...