From mint · A Ksheerasagar · · 1m
Nvidia Shares Drop 6.3%, Huang Loses $10 Billion
Nvidia shares fall 6.3% as Jensen Huang's wealth drops $10 billion, slipping to 12th on Forbes list.
In brief
Nvidia shares fall 6.3% as Jensen Huang's wealth drops $10 billion, slipping to 12th on Forbes list. Nvidia shares dropped 6.3% to $166.5, wiping $10 billion from Jensen Huang's net worth and moving him to 12th on Forbes' list. Originally reported by mint.
Nvidia Shares Fall
Nvidia shares dropped 6.3% to $166.5, hitting a seven-month low after a previous 4.3% decline.
Huang's Wealth Drops
Jensen Huang's net worth declines $10 billion to $145.6 billion from $154 billion at previous close.
Forbes Ranking
Huang slips to 12th place on Forbes' Real-Time Billionaires list after $7.4 billion loss.
Alleged Relationship
Investors concerned about CEO Jensen Huang's alleged relationship with Chinese businesswoman Alice Huang.
Internal Investigation
Nvidia board launched internal investigation after Huang admitted unfaithfulness in staff memo.
FBI Examination
FBI reportedly examining whether Huang was targeted in foreign intelligence operation.
Market Impact
Nvidia faces potential $400 billion market cap erosion over two sessions.
Here's the gist
Nvidia shares dropped 6.3% to $166.5, wiping $10 billion from Jensen Huang's net worth and moving him to 12th on Forbes' list.
