Nvidia shares plunge over 20% amid allegations of CEO's ties to spy
NVDA NVIDIA Corp
$168.89 -5.47%
View chart & analysis → - 1Nvidia shares plummeted more than 20% after it was revealed that CEO Jensen Huang had connections to an individual indicted as a spy for the Chinese government.
- 2The Nvidia board of directors and independent legal counsel will conduct an investigation into the matter.
- 3The Nvidia board of directors and independent legal counsel believe that company secrets or national security have not been compromised.
So what's the key point?
Nvidia shares fell more than 20% following news that the CEO had ties to someone indicted as a spy. The company plans to conduct an investigation but believes that company secrets or national security were not compromised.
Source The Motley Fool +1 · View original ↗
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