TradingKey – On November 10, Eastern Time, Nvidia (NVDA) shares hit a new recent intraday low. Following market concerns over returns on AI investments and a slowdown in data center construction, an independent investigation and shareholder litigation surrounding Chief Executive Officer Jensen Huang have prompted investors to reassess the company’s governance risks. Market concerns that leadership uncertainty could weaken the company’s execution capabilities have led investors to lower the valuation multiples they are willing to assign.

Nvidia’s board of directors announced on November 8 that it had launched an independent investigation into reports that Jensen Huang may have been targeted by foreign intelligence activities, overseen by…