Nvidia Board Names Outside Counsel for Probe Into Huang Targeting Reports

Nvidia’s independent directors retained outside counsel Tuesday to investigate reports that CEO Jensen Huang was targeted by a foreign intelligence effort, as U.S. stocks retreated after Monday’s sharp chip rally. The directors retained former acting U.S. Attorney Joon H. Kim and Wachtell, Lipton, Rosen & Katz to conduct the investigation. Nvidia’s board announced the probe on Nov. 8. A Nov. 6 report attributed the allegation to people briefed on U.S. intelligence; the board has announced no findings. In its Nov. 8 statement, the board said it had “no reason to believe that either national security or NVIDIA secrets were compromised” and that Huang would cooperate. The investigation announcement does not establish that the alleged effort occurred. At 4 p.m. ET (2100 UTC) Monday, Nov.

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