Business & Finance
Nvidia shares tumble after spy probe announced
Key Points
Shares of artificial intelligence leader Nvidia tumbled early Monday after the chip company said it launched an investigation of CEO Jensen Huang following reports he was targeted by Chinese intelligence. Nvidia shares were down more than eight percent in opening trading after its board announced that a committee of independent directors assisted by outside counsel would undertake the probe.
Shares of artificial intelligence leader Nvidia tumbled early Monday after the chip company said it launched an investigation of CEO Jensen Huang following reports he was targeted by Chinese intelligence. Nvidia shares were down more than eight percent in opening trading after its board announced that a committee of independent directors assisted by outside counsel would undertake the probe.
[Image text:] NVIDIA ANNUALNET PROFIT GROWTH
12MONTHS TOENDOFJULY
2023
$10.33BN
2026
$192.88 BN
nVIDIA
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