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NVIDIA rises 2% so far; investors temporarily downplay the impact of the controversy surrounding Jensen Huang
Coinpedia
1h ago
Ai Focus
Before trading on Tuesday, NVIDIA's stock price rose by about 2% to around $182.60, recovering some of the more than 4% decline on Monday. Reports indicate that investors are still assessing the impact of CEO Jensen Huang's admission of infidelity within marriage and failure to fulfill duties; the company's board of directors has initiated an independent investigation, and NVIDIA is also facing a proposed class-action lawsuit from shareholders.
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NVIDIA rises 2% so far; investors temporarily downplay the impact of the controversy surrounding Jensen Huang

In pre-market trading on Tuesday, NVIDIA's stock price rose by about 2% to around $182.60, recovering some of the losses from the previous week. On Monday, the stock fell by more than 4% and closed near $179.

Reports indicate that during this rebound, investors are still continuing to assess the subsequent impacts of CEO Jensen Huang's admission of infidelity towards his wife and his failure to fulfill his duties.

It is reported that Jensen Huang has a relationship with Alice Huang. The latter is a senior executive of NVIDIA's client Megaspeed, and American officials have identified him as a Chinese intelligence asset.

NVIDIA's board of directors has initiated an independent review regarding this matter, and the company is also facing a proposed class-action lawsuit from shareholders as a result.

This increase also occurred after a general rebound in tech stocks. On Monday, the Nasdaq index rose by 2.74%; on Tuesday, Asian chip stocks also saw gains.

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