Nvidia could lose $270 billion amid a scandal surrounding the head of the company.
Shares of US chipmaker Nvidia fell 6% after reports that CEO Jensen Huang was having an affair with a woman suspected of having ties to Chinese intelligence.
Huang previously admitted to cheating on his wife of nearly 40 years and publicly apologized to his family and employees. Nvidia's board of directors has launched an investigation to determine whether his alleged crush may have leaked confidential information.
Amidst the scandal, social media was filled with memes and mockery of the head of the tech giant.
According to preliminary estimates, a 6% drop in shares could result in a reduction in Nvidia's market value of approximately $270 billion. However, the connection between the decline in the stock market and the personal scandal has not yet been proven.