Nvidia Corp. shares took a hit on Robinhood after the company’s board initiated an investigation into CEO Jensen Huang. The probe follows Huang’s admission of an affair with a woman reportedly identified as a suspected Chinese spy. The news sent Nvidia’s stock down about 4.2% late Sunday night in New York time.
The drop came despite broader market trends, as Nvidia’s Asian suppliers largely ignored the news and tracked the rebound in US peers on Friday. The investigation adds uncertainty to the company’s leadership amid ongoing geopolitical tensions.
While the stock decline was notable on Robinhood, it remains unclear how long-term investors will react. The board’s decision to launch an investigation signals a serious approach to the matter, potentially impacting Huang’s future at the company.