Nvidia's market value dropped by more than 6%.
Nvidia briefly lost the second global position by market value. The company's board has launched an independent investigation following reports of foreign intelligence targeting Jensen Huang. A class action lawsuit accuses Huang and the company of misleading investors.
- Nvidia briefly lost the second global position by market value.
- The scandal involved Jensen Huang's relationship with a Chinese spy.
- The CEO's relationship with Alice Huang helped facilitate shipments of at least $7.5 billion worth of Nvidia chips to Chinese firms.
- Nvidia's stock fell by 6.81 percent to 166.51 dollars at the New York Stock Exchange around 6:40 p.m. Paris time.
- A class action lawsuit filed Monday accuses Huang and the company of misleading investors.
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