Shares of Nvidia experienced a steep decline early Monday, falling over eight percent in opening trading. This drop follows the company’s announcement that it has launched an investigation concerning CEO Jensen Huang. The inquiry is reportedly in response to reports indicating that Huang was the subject of interest for Chinese intelligence.
Nvidia’s board of directors disclosed that an independent committee, with the assistance of outside legal counsel, will oversee the probe into the matter. The implications of this investigation and the specific circumstances surrounding the reports are still unfolding.
