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Nvidia Shares Rebound as CEO Jensen Huang Faces FBI and Internal Espionage Probes

Nvidia shares edged higher in premarket trading on Tuesday, rising as much as 1.8% to $181.94, attempting to recover from a sharp sell-off triggered by an independent board investigation and an FBI inquiry into CEO Jensen Huang. The stock had tumbled 4.27% on Monday to close at $178.67, driven by Huang's acknowledged extramarital relationship with an executive at customer Megaspeed whom U.S. intelligence identified as an alleged Chinese operative. Scrutiny has since widened to include a shareholder class-action lawsuit and congressional requests for a closed-door briefing on November 18.

Category

NVIDIA

Sentiment

Bearish

Event

Corporate action

Reading time

1 min