Business & Markets
Nvidia value drops $400 billion since CEO affair
Nvidia has lost more than $400 billion in market value since weekend revelations about CEO Jensen Huang, dropping the chipmaker to third place among the world's biggest companies by market value.
Nvidia shares were down 6.3 percent at $167.35 near 1715 GMT on Tuesday. The fall came as scrutiny on the artificial intelligence company intensified after Huang acknowledged an affair with a woman AFP reported was believed to be a Chinese spy.
The decline left Nvidia behind Apple and Microsoft by market value.
Uncertainty notes
The supplied material does not identify the woman or provide details supporting the description of her as believed to be a Chinese spy.
The market figures were reported near 1715 GMT and may change during trading.
Source
AFP news report published on .