From Coinpedia · By Anjali Belgaumkar
Nvidia shares climbed about 2% in premarket trading on Tuesday to roughly $182.60, recovering part of Monday’s drop of more than 4% that left the stock near $179. The rebound comes as investors continue to weigh the fallout from CEO Jensen Huang’s admission that he had been unfaithful to his wife and had fallen short of his duties. Huang reportedly had a relationship with Alice Huang, an executive at Nvidia customer Megaspeed, whom US officials concluded was a Chinese intelligence asset. Nvidia’s board has launched an independent review, and the company faces a proposed shareholder class action over the matter. The gain also follows a broader tech rally, with the Nasdaq climbing 2.74% on Monday and Asian chip stocks rising on Tuesday.
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