BUZZ - Nvidia stock price drops as board investigates CEO over espionage allegations

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November 9 - ** Nvidia (NVDA.O) shares fell over 5% in early trading

** The company said its board is investigating whether CEO Jensen Huang was ever a target of foreign intelligence activities (link), after media reports that he had a close relationship with a Chinese businesswoman who provided information to Beijing

** Nvidia said there is no reason to believe that US national security or company secrets have been compromised

** In a letter to employees, Jensen Huang said he had been unfaithful to his wife and took “full responsibility” for his actions

** Nvidia stated that Jensen Huang is committed to continue leading the company “as always”

** Year to date, the company’s share price has fallen over 6%, including the drop on the day

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