Nvidia loses $430 billion as CEO faces calls to resign over reported spy ties
Original headline: Nvidia Sheds $430B in Two Days as Jensen Huang Faces Calls to Resign — decrypt.co
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Nvidia has lost approximately $430 billion in market value over two days following a steep stock sell-off. The downturn comes amid growing political pressure on CEO Jensen Huang regarding his reported ties to a businesswoman that U.S. intelligence allegedly identified as a Chinese spy.
The company's independent board members have hired a former U.S. Attorney to conduct an internal investigation. Meanwhile, prominent political figures, including Senator Kevin Cramer and former Trump economic advisor Larry Kudlow, have publicly called for Huang to resign, citing national security concerns over Nvidia's sensitive chip technology. This situation highlights the intense geopolitical scrutiny facing America's leading AI chipmaker.
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