Nvidia’s value tumbles by $430bn since spy allegations, as major US law firm hired to investigate claims – business live
The Guardian's business live blog reports that Nvidia has lost about $430bn in value since spying allegations, with shares down almost 5.5% to $4.07tn, and that the board has retained former prosecutor Joon H. Kim and Wachtell, Lipton, Rosen & Katz to investigate CEO Jensen Huang's affair with suspected Chinese spy Alice Huang. Beijing denies the allegations, and the Guardian quotes US Ambassador David Perdue telling Bloomberg Television that US–China relations are bumpy right now.
