Nvidia's market value has shrunk by more than $1.8 trillion and shares are down more than 30% from their October peak amid new details about the scandal surrounding former CEO Jensen Huang. According to Reuters, citing internal correspondence, Huang misled the company's senior management by telling legal counsel that his contacts with businesswoman Alice Huang, who is suspected of spying for China, were a routine business relationship. To investigate the incident, Nvidia's board hired the law firm of Wachtel, Lipton, Rosen & Katz.

Nvidia's market value has shrunk by more than $1.8 trillion and shares are down more than 30% from their October peak amid new details about the scandal surrounding former CEO Jensen Huang. According to Reuters, citing internal correspondence, Huang misled the company's senior management by telling legal counsel that his contacts with businesswoman Alice Huang, who is suspected of spying for China, were a routine business relationship. To investigate the incident, Nvidia's board hired the law firm of Wachtel, Lipton, Rosen & Katz.