“I am committed to protecting Nvidia”: in the midst of turmoil, the AI chip giant and its boss, Jensen Huang, are sued by shareholders for “deceiving” them
The revelation of the extramarital relationship of the boss of Nvidia with Alice Huang caused the company to fall on the stock market yesterday, Monday, November 9, removing around 190 billion from its valuation. This…
Since the revelation of the extramarital affair of its boss Jensen Huang with a woman suspected of being a Chinese spy, Nvidia has been in turmoil. The AI chip giant fell by up to 6% at the opening of the American stock market on Monday, November 9, and Jensen Huang had to apologize for this infidelity. A complaint for having deceived them, brought by shareholders An unenviable situation for the tech billionaire, who in addition to these suspicions of espionage, must now face legal action from Nvidia shareholders, according to the Guardian.
In a deception complaint filed in California federal court, they accuse the multinational and its CEO of misleading them about the extramarital affair between Jensen Huang and Alice Huang, who are otherwise unrelated. Shareholders criticize Nvidia and its general manager for not having communicated about the affair, which would endanger the reputation and economic prospects of the company. The legal action was launched last night, five minutes after the stock market closed, where the company was down 4.3%, reducing its valuation by around $190 billion.
According to the Guardian, this is a common practice for shareholders when such an unexpected drop takes place. Led by investor Mark Kistenmacher, Nvidia shareholders are seeking damages. Investigations to determine if she is a spy The American firm announced this Sunday that it had launched an independent investigation to determine whether its boss was “the victim of a foreign intelligence operation”.
The FBI is also on the case, according to Donald Trump, who assures that the CEO of Nvidia has nothing to worry about, and that Jensen Huang, with whom he spoke, “had absolutely no idea that this person was a spy”. In his letter of apology, the CEO of Nvidia assures that he will fully cooperate with investigators: “I love our country and our company. I am committed to protecting Nvidia and supporting the national security of the United States.
Machine-translated from French
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- BFM Business10 Nov, 12:34
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