Nvidia shares slide further after CEO's espionage scandal
Nvidia's stock fell 6.81% to $166.51 on Tuesday, briefly losing its position as the world's second-most-valuable company to Microsoft, after losing over $400 billion in market capitalization since the weekend. The chipmaker and Microsoft now hover near $4 trillion in market value, behind Apple's $5 trillion. This marks Nvidia's lowest ranking since 2025, amid existing market concerns over massive artificial intelligence investments. CEO Jensen Huang admitted Sunday to a relationship with a Chinese executive suspected by US intelligence of working for Beijing, which China denies. A Los Angeles law firm filed a class-action lawsuit Monday accusing the company of deceiving investors by hiding information about the relationship.