Nvidia stock hits lowest level since March as CEO's alleged spy affair erases $1 trillion

faz.net (German) —

Nvidia's stock fell to its lowest level since March amid an espionage affair involving CEO Jensen Huang and an alleged Chinese spy, wiping out nearly $1 trillion in market value in days. The stock dropped 5.5 percent on Tuesday to $168.80, down from $206.69 a week ago, reducing Nvidia's market capitalization to about $4 trillion. Concerns over a leadership crisis are driving the decline. Semiconductor stocks broadly weakened as investors fear further interest rate hikes, which would raise borrowing costs for AI infrastructure investments. Shares of Seagate, Sandisk, Micron Technology, and Intel also fell.


With a significance score of 5, this news ranks in the top 1.8% of today's 32215 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: