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Nvidia CEO Spy Allegation
Nvidia announced an independent investigation into reports alleging that CEO Jensen Huang was targeted in a Chinese intelligence operation through his relationship with Alice Huang, amid U.S. suspicions that she gathered information for Beijing. The board said it had found no evidence that company secrets had been leaked or national security compromised, and reaffirmed its confidence in Huang and his team. Nvidia shares fell 4.3% in a single session, wiping about $193 billion off the company’s market value.
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