#NvidiaInvestigatesAfterHuang’sAffairApology ALL INVESTORS' EYES ARE ON NVIDIA:
Nvidia, $NVDA , is falling nearly pre-market -6% after reports that its board launched an internal investigation into CEO Jensen Huang, following his admission of an affair with a woman suspected by US intelligence agencies of spying for China.
The board stated it has no reason to believe national security or company secrets were compromised, but the investigation introduces an unusual source of leadership uncertainty.
The latest news adds pressure to a stock already down -22% from its October high, amid concerns over Big Tech's AI spending, financing requirements and the fallout from the US midterm elections.
With earnings due November 17th, the investigation adds another risk to an already pressured stock.
Any threat to Huang's leadership or tighter chip export restrictions could turn this into a much bigger problem for Nvidia.$GNS $TST
Nvidia, $NVDA , is falling nearly pre-market -6% after reports that its board launched an internal investigation into CEO Jensen Huang, following his admission of an affair with a woman suspected by US intelligence agencies of spying for China.
The board stated it has no reason to believe national security or company secrets were compromised, but the investigation introduces an unusual source of leadership uncertainty.
The latest news adds pressure to a stock already down -22% from its October high, amid concerns over Big Tech's AI spending, financing requirements and the fallout from the US midterm elections.
With earnings due November 17th, the investigation adds another risk to an already pressured stock.
Any threat to Huang's leadership or tighter chip export restrictions could turn this into a much bigger problem for Nvidia.$GNS $TST
