From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Explained: Why Nvidia shares dropped 4% in overnight trade and what analysts warn can trigger a bloodbath?
What's behind this
Jensen Huang, CEO of Nvidia, saw his net worth fall by $7.4 billion in about half an hour, moving him down two places on the Forbes rich list. The decline, from $162.2 billion to $154.7 billion, came after revelations of an ongoing investigation into his supposed involvement with a Chinese spy. The news triggered Nvidia’s shares to drop more than 7 percent.
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What each side is saying
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left · 1 outlet
Nvidia shares slumped more than 8% as trading got under way in New York but recovered to stand down more than 5% in early afternoon trading
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right · 1 outlet
Nvidia shares dropped over 4% after CEO Jensen Huang acknowledged an affair with Alice Huang. Jensen Huang's relationship with Alice, a Chinese national, raised security concerns following intelligence reports. Nvidia has initiated an investigation into these allegations, although the board believes…
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Nvidia shares dropped over 4% after CEO Jensen Huang acknowledged an affair with Alice Huang. Jensen Huang's relationship with Alice, a Chinese national, raised security concerns following intelligence reports. Nvidia has initiated an investigation into these allegations, although the board believes…
