BEARISH 55 Decrypt 51M ago · 1 min read 2 reads

Nvidia loses $430B in two days as board probes CEO’s alleged China spy ties

AI summary

Nvidia lost $430 billion in market value over two days as its independent directors hired law firm Wachtell Lipton to investigate CEO Jensen Huang's ties to an alleged Chinese spy. Pressure is mounting on Huang, with calls for him to resign. Nvidia is a bellwether for AI and crypto-mining hardware demand, so leadership turmoil and a steep valuation drop could weigh on risk appetite across tech and digital-asset markets.

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