Nvidia’s board issued a statement Sunday, launching an independent investigation into whether Jensen Huang was targeted by foreign intelligence.
He also emailed all employees, admitting to an affair, saying he would cooperate with the investigation, and confirming he would continue as CEO.
The board also said there is currently no reason to believe that national security or company secrets were compromised.
The company said publicly that this incident would not slow it down and that he would continue leading without interruption.
The U.S. stock market doesn’t open until tonight, so this will be the market’s first chance to price in the news.
It closed at around 187 last Friday. Tech stocks took a beating last week, and the price hit a low of around 181 on Thursday.
This looks more like governance and geopolitical risks being priced in together, rather than an imminent change at the helm.
Tonight, watch how the market absorbs the news at the open, and whether other chip stocks move along with it.
$NVDA
#英伟达 #U.S. stocks
He also emailed all employees, admitting to an affair, saying he would cooperate with the investigation, and confirming he would continue as CEO.
The board also said there is currently no reason to believe that national security or company secrets were compromised.
The company said publicly that this incident would not slow it down and that he would continue leading without interruption.
The U.S. stock market doesn’t open until tonight, so this will be the market’s first chance to price in the news.
It closed at around 187 last Friday. Tech stocks took a beating last week, and the price hit a low of around 181 on Thursday.
This looks more like governance and geopolitical risks being priced in together, rather than an imminent change at the helm.
Tonight, watch how the market absorbs the news at the open, and whether other chip stocks move along with it.
$NVDA
#英伟达 #U.S. stocks
