NVIDIA SHED NEARLY $450 BILLION IN TWO DAYS AS THE HUANG PROBE DEEPENED

Nvidia's stock lost nearly $450 billion in market value across Monday and Tuesday, closing down 5.5% at $168.89, as investors panicked over CEO Jensen Huang's admitted affair with Alice Huang — also known as Huang Le — a former Megaspeed executive U.S. intelligence concluded was recruited by China's Ministry of State Security. The board opened an independent investigation on November 8 and has hired Wachtell, Lipton, Rosen & Katz to run it.

The board says it has no reason to believe national security or Nvidia secrets were compromised, and the FBI is also looking into the relationship. Three Republican House committee chairs have asked Huang to attend a closed-door briefing on November 18, and a shareholder lawsuit was filed in San Jose on Monday. Nvidia reports third-quarter results on November 17.