Nvidia's Jensen Huang faces board probe and chip-smuggling questions
Nvidia's board has reportedly launched an investigation into its CEO, and claims about chips reaching a firm tied to him are circulating; details are unconfirmed.
What we know
Market news accounts say Nvidia shares fell 1% premarket, a day after more than $190B in market value was wiped out as the board launched an investigation into Huang (unconfirmed). Commentators are circulating claims that a firm linked to Huang's alleged mistress received about $5B of chips and was suspected of smuggling to China, allegations not independently verified here. Trump reportedly said the FBI is looking into it, per a market news account. One tech analyst newsletter says the story is getting worse, while a fund manager says he began buying Nvidia at 12x earnings.
How the story developed
Nvidia's board has reportedly launched an investigation into its CEO, and claims about chips reaching a firm tied to him are circulating; details are unconfirmed.
Nvidia reportedly lost over $190B in value as its board investigates its CEO, while Hegseth faces scrutiny over promotion decisions.
Nvidia has lost over $1.5T in market value in about a month, and a board investigation of its CEO plus export-control allegations are adding to the pressure.
AI-linked equities are down sharply from highs, and Nvidia has lost over $1.5T in market cap amid a board investigation of its CEO, per market commentary.
What people are posting
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“Nvidia (NVDA) shares are down 1%... as its board launched an investigation into CEO Jensen Huang”
View post →“His mistress's firm ended up with ~$5b worth.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.