Money Moves
Nvidia's CEO Said Sorry. The Market Asked The Price.
The Take
Jensen Huang runs the most valuable chip company on Earth. This week he admitted an affair. Nvidia's shares dipped hard, wiping lakhs of crores for an hour, and investors did the math mid-apology. Bloomberg reports the board now faces questions. The stock will recover. The memes are permanent.
The Wire
Nvidia shares fell after CEO Jensen Huang publicly admitted an affair, The Times of India reported. Bloomberg says the episode, tied to a short-seller's contested 'Chinese spy' claim, raises thorny questions for the company. The Economist asks whether Nvidia's chief can survive the controversy. The stock's dip was brief; the online meme festival was not.
The receipts
Source: The Times of India