The race is on to sue Nvidia

AI Summary

Nvidia shares fell more than 4% after the company’s board launched an investigation into CEO Jensen Huang’s relationship with a woman suspected of spying for China. A securities law expert says the company could face costly legal action over its earlier public response to the allegations.

Nvidia’s stock slid more than 4% after its board opened an investigation into Jensen Huang’s relationship with a suspected Chinese spy, and one securities law expert says the company’s earlier insistence that it was all “normal” could turn into a very expensive problem.