WATCH: Jensen Huang spent decades building Nvidia. Now, he’s embroiled in a scandal after admitting to an affair with a woman who US intelligence reportedly suspect was spying for China, throwing into turmoil a company at the center of the US-China AI chip battle.Source: Bloomberg
Takeaways by Bloomberg AI
Nvidia Corp.’s investigation of Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future and sending its stock into a tailspin.
In the wake of Huang’s shocking disclosure in a memo to Nvidia employees on Sunday, Wall Street is wondering if the biggest and most important artificial intelligence chipmaker will be able to keep its leader and public face. The stock is down roughly 10% in the two sessions since the news hit, making it the second-worst performer in the S&P 500 Index over that time, and is trading near its lowest since March 30.
