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Explained: Why Nvidia shares dropped 4% in overnight trade and what analysts warn can trigger a bloodbath?

Explained: Why Nvidia shares dropped 4% in overnight trade and what analysts warn can trigger a bloodbath?
Image: The Economic Times (India)
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Nvidia shares dropped over 4% after CEO Jensen Huang acknowledged an affair with Alice Huang. Jensen Huang's relationship with Alice, a Chinese national, raised security concerns following intelligence reports. Nvidia has initiated an investigation into these allegations, although the board believes no secrets were compromised. Analysts suggest the company's upcoming earnings report will be crucial for market sentiment. Concerns linger…

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