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Sources and internal correspondence said Jensen Huang had presented his relationship with Chinese businesswoman Alice Huang to Nvidia executives as ordinary business dealings with a client, without disclosing that it was an extramarital relationship. Huang resigned, while independent board members hired a law firm to conduct an investigation. Beijing denied that Alice was a spy, and Reuters was unable to verify that she had worked for the Chinese government. Nvidia shares have fallen more than 30% since reaching their peak on October 6, wiping out more than $1.8 trillion in market value amid concerns about the fallout from his departure and the investigations.
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