Nvidia shares open down more than 8% after it announces probe of CEO

Résumé détaillé

Shares of artificial intelligence leader Nvidia tumbled early Monday after the chip company said it launched an investigation of chief executive Jensen Huang following reports he…

Nvidia has opened a probe into chief executive and co-founder Jensen Huang after he acknowledged an affair with a woman US officials say was working for Chinese intelligence. Photo / I-Hwa Cheng, AFP

Shares of artificial intelligence leader Nvidia tumbled early Monday after the chip company said it launched an investigation of chief executive Jensen Huang following reports he was targeted by Chinese intelligence.

Nvidia shares were down more than 8% in opening trading after its board announced that a committee of independent directors assisted by outside counsel would undertake the probe.

Nvidia’s board “has confidence in Jensen”, the company said on Sunday, as Huang apologised for having an affair with a woman believed to be spying for China.

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