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Espionage, infidelity and chips: the saga threatening Jensen Huang's role at Nvidia

TechnologyInternationalInfobaeAI summary
Image: Infobae

Jensen Huang, Nvidia's CEO and co-founder, admitted to his employees that he was unfaithful to his wife with Alice Huang, an executive whom U.S. intelligence considers an alleged Chinese agent. The board opened an independent investigation and kept him in his role while it lasts; the FBI and the Justice Department have their own inquiries. The stock lost about USD 430 billion in market value over two sessions. Nvidia reports results on November 17 and three House committees summoned Huang for November 18.

In 45 seconds

  • Huang confessed the infidelity in writing to employees and the board opened an independent investigation with law firm Wachtell, Lipton, Rosen & Katz
  • U.S. intelligence considers Alice Huang, a former Megaspeed executive, an alleged Chinese agent; she has not been charged with any crime and China rejected the accusations
  • The stock fell 5% on November 9 and as much as 6% on Tuesday, to USD 167.74, its lowest close since March 30
Read the full story at Infobae

IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.

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