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Nvidia shares set to slide as spy scandal threatens AI recovery
xCruzo Brief
Nvidia shares were set to fall when Wall Street opened on Monday after a spying scandal involving CEO Jensen Huang threatened to derail the chipmaker’s recovery from last week’s tech sell-off. Trading on Germany’s Tradegate, Nvidia was at €157.84 (£131.67) Monday morning, down 5.8%. The move follows Nvidia’s announcement of an independent investigation into reports that Huang was targeted by Chinese intelligence. The controversy comes as investors had been watching for earnings in nine days, with the stock still about 22% below its October peak. Huang admitted he had been unfaithful and the report said a former data-center executive linked to the investigation was identified by US authorities as a Chinese intelligence asset.
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