Should you sell your Nvidia shares? Here’s what experts think

Detailed summary

Should you sell your Nvidia shares? It’s a question on the minds of investors around the world as allegations of adultery swirling around Nvidia co-founder Jensen Huang this week sent the company’s stock into a tailspin.

TORONTO - Should you sell your Nvidia shares? It’s a question on the minds of investors around the world as allegations of adultery swirling around Nvidia co-founder Jensen Huang this week sent the company’s stock into a tailspin.

Nvidia, the global leader in high-quality chips, powering AI development around the world, has seen its share price drop roughly 18.8 per cent over the past week, falling from US$203.82 all the way to $166.19 per share following Huang’s sudden resignation on Thursday.

Some investors in Canada have told CTV News that the whole ordeal has pushed them to sell.

“This stock has always been a safe place for a lot of people, to see that it’s shifted so dramatically, it’s really scary so I decided to pull out and sell most of my shares,” said Chanel Dean who, like many Canadians works hard to scrape together some savings to invest.

Jensen Huang is accused of having an extramarital affair with Alice Huang, who the U.S. intelligence have labelled a Chinese spy.

The former CEO Huang is also alleged to have had an affair with Nvidia’s Vice-President of Healthcare, Kimberly Powell.

Media reports suggest that (He) Huang may have also had another, unnamed employee.

Nvidia’s board of directors announced in a statement today that Huang has resigned and is now (no) longer with the company “effective immediately.”

A tech analyst, who spoke to CTV News, believes the market is, in-part, overreacting.

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