Nvidia and Jensen Huang face class-action lawsuit after affair with alleged Chinese spy wipes $190 billion off company
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Sounding off: In what's turning out to be the most costly mistake ever, Nvidia and its CEO are now facing a class-action lawsuit from shareholders after Jensen Huang admitted he had an affair with a suspected Chinese spy. Huang has confirmed that he was romantically involved with the woman, an admission that has already wiped around $190 billion off Nvidia's market cap.
Huang admitted to the extramarital affair over the weekend following reports that he was targeted by a suspected Chinese intelligence operative, Alice Huang, who is not related to Jensen. US intelligence services claim she was acting as a honeypot, tasked with gathering information about American AI chips and influencing the Nvidia chief to push for China to get the company's most advanced processors.
In a letter to employees, Huang apologized to...
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