Nvidia shares drop amid CEO's alleged Chinese spy affair
Summary
Nvidia shares fell more than 4% on Monday, reducing the company’s market value by about $200 billion. The report linked the decline to the CEO’s admission of an affair with a woman whom U.S. intelligence identified as a former data center executive suspected of spying for China.Key Facts
- Nvidia shares fell more than 4% on Monday.
- The decline erased about $200 billion in Nvidia’s stock market value.
- Nvidia is described as the world’s largest AI chipmaker.
- The CEO admitted to having an affair with a woman.
- U.S. intelligence identified the woman as a former data center executive.
- The woman is suspected of spying for China; the report does not say that the suspicion has been proven.
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