According to Yonhapinfomax, Nvidia CEO Jensen Huang admitted to infidelity in an internal memo sent to employees over the weekend on November 9. The stock fell 4.29% in after-hours trading to $178.64 on the U.S. alternative trading system (ATS). The company's board announced it would launch an independent investigation to determine whether Huang had been targeted by foreign intelligence agencies. However, the board stated there was no reason to believe national security or company confidential information had been compromised. Nvidia shares have declined approximately 22% from their October peak.
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