1 Day
Source:
Sky News
Nvidia sheds $430B in 48h
Nvidia lost about $430 billion in market value over two trading sessions, as its shares fell amid concerns about CEO Jensen Huang’s relationship with Chinese businesswoman Alice Huang, whom reports have suggested is working as a spy for Beijing. The Information quoted two sources as saying the relationship had facilitated shipments of chips from the company to Chinese firms worth at least $7.5 billion. U.S. lawmakers called for explanations and tighter restrictions on chip exports, while independent members of Nvidia’s board hired legal counsel to investigate.
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