When a CEO’s name lands in a spy story, investors ask two questions. Is his job safe? And what happens to the stock if he stays or goes?
Nvidia shareholders now face both, with a deadline. CEO Jensen Huang has until November 11 to tell Congress whether he will answer questions about a suspected Chinese spy.
The stock is already bruised. It closed at $186.64 on November 6, a day after a 9.3% plunge.
What Does the Spy Memo Say?
A US intelligence memo claims China’s main spy agency recruited Alice Huang, an executive at Nvidia customer Megaspeed. The New York Times reported it first. The Financial Times added that the two allegedly had a romantic relationship.
The memo is not public. Its…
