Nvidia stock hits lowest level since March as CEO spy scandal erodes $1 trillion in value

spiegel.de (German) —

Nvidia's stock fell 5.5 percent to $168.80 on Tuesday, its lowest level since March, amid a scandal involving CEO Jensen Huang and an alleged Chinese spy, wiping out nearly one trillion dollars in market value. The company's market capitalization has dropped to roughly four trillion dollars from about five trillion a week ago. The affair has also revealed that Chinese universities with military ties allegedly purchased Nvidia's export-restricted H200 AI chips. Semiconductor stocks broadly declined Tuesday due to fears of further interest rate hikes, which would increase borrowing costs for companies heavily investing in AI data centers and computing infrastructure.


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