Nvidia shares fall about 6% as board opens probe into CEO

· Automotive & EV · United States

Nvidia shares fell about 6 percent in premarket trading after its board opened a probe into CEO Jensen Huang over an affair with a suspected Chinese spy, according to Automotive News. The drop came as the chipmaker sits at the centre of the automotive industry's shift toward AI and software-defined vehicles. The report did not detail the scope of the board investigation or its potential consequences for the company's leadership. Nvidia's chips and platforms are widely used in autonomous-driving and in-vehicle AI systems.

Why it matters:Nvidia is a key supplier of compute for autonomous driving and in-car AI, so leadership turmoil at the chipmaker could ripple through automakers' technology roadmaps.

Key points

  • Shares fell about 6 percent in premarket trading.
  • The board probe concerns an affair with a suspected Chinese spy.
  • Nvidia also works with Kakao Mobility on level 4 autonomy.

Sources (original reporting)

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