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Nvidia Rises Amid Probe
Nvidia shares rose 4.13% to $176.26, after falling 5.47% on Tuesday and 4.3% on Monday, as investors worried about investigations into CEO Jensen Huang’s relationship with an alleged Chinese spy. The company hired a law firm to assess whether its secrets or U.S. national security may have been put at risk. Huang remains in his role ahead of the company’s quarterly results announcement on November 17. Bank of America warned of scenarios ranging from containing the crisis to escalating risks, while Morgan Stanley removed the stock from its preferred list after it fell more than 25% since the start of October.
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