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Nvidia loses $470B as CEO scandal deepens
Nvidia shares extended losses on Tuesday, putting the chip giant on track to shed more than $470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang's affair with a Chinese woman accused of spying for Beijing, Korea Times reports. The internal investigation into whether Huang was targeted by a foreign intelligence effort has put his future at the AI chipmaker under scrutiny, with shares declining on Monday as well. Business Korea reports the scandal has also sparked watch in the global automaker industry, which relies on Nvidia chips. Korean outlets are closely covering the affair, which Huang admitted to, involving Alice Huang, a businesswoman suspected of working as a spy for the Chinese government, according to KBS World. The scandal has raised questions about Nvidia's future and drawn attention to how China obtains Nvidia chips for AI development, with Korea Times noting the affair has emerged as a significant national security concern for the United States.
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