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Nvidia shares rose 4.13% to $176.26, partially recovering from losses of 5.47% on Tuesday and 4.3% on Monday, amid investigations into alleged ties between CEO Jensen Huang and a suspected Chinese spy. The company hired a law firm to determine whether its trade secrets or U.S. national security may have been put at risk, while Huang continues in his role ahead of the quarterly results announcement on November 17. Morgan Stanley removed the stock from its list of top picks after it had fallen more than 25% since the start of October, warning of the importance of Huang’s role in leading the company and shaping its strategic direction.
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