Nvidia board to probe CEO Jensen Huang's ties to suspected Chinese spy
· 6 sources
Nvidia's board will investigate CEO Jensen Huang's relationship with a suspected Chinese spy as Congress asks questions, according to Bloomberg, Axios and the NYT.
What happened
Nvidia's board is set to open an investigation into CEO Jensen Huang's relationship with a suspected Chinese spy, according to Bloomberg, Axios and The New York Times. Axios and Bloomberg report that Huang admitted to an affair.
CNBC reports that Huang faces bipartisan scrutiny in Congress over the reported link. CryptoSlate says House members have questions about his contacts with the suspected spy and a reported romance, while the company describes a typical business relationship.
A post attributed to a breaking news account on Facebook says Secretary of State Marco Rubio had warned Trump officials about the matter, citing multiple people briefed on it. ATLAS has not seen this confirmed in the other sources provided.
Context
Nvidia is a major maker of chips used in artificial intelligence, and its business ties to China have long drawn attention from U.S. lawmakers.
Why it matters
Questions about the conduct of a chief executive and a board investigation can matter to how markets view governance and leadership at the company.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$186.64+2.78% vs. previous close ($181.60) · November 6
Fair value (ATLAS)
$157.25Fair range: $115.15 to $214.75The price ($186.64) is 18.7% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $170.25 and $202.65; 9 in 10, between $145.88 and $236.49.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
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