Nvidia (NVDA) Stock Falls 4% as Investor Lawsuit Targets Huang Ties to Chinese Spy

TLDR Nvidia (NVDA) stock closed at $178.67 Monday, down 4.27%. A proposed class action was filed in San Jose, California, against Nvidia and CEO Jensen Huang. The suit says investors were not told about Huang’s alleged ties to a suspected Chinese spy. It also questions how closely Nvidia tracks where its AI chips end up. Nvidia has not responded to requests for comment. Nvidia (NVDA) stock closed at $178.67 on Monday, down $7.97 or 4.27%. That cut about $190 billion from its market value. NVIDIA Corporation, NVDA The drop came one day after Nvidia announced a probe into CEO Jensen Huang’s alleged ties to a suspected Chinese spy. A lawsuit followed within minutes of the closing bell.

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