Nvidia shares rebound 1.8% after Monday sell-off
In short
Nvidia shares rose 1.8% in premarket trading after dropping more than 4% on Monday. The earlier sell-off came amid controversy around CEO Jensen Huang’s affair, and the stock’s decline erased $1.57 trillion in market value.
The rebound follows a sharp hit to the company’s shares, while reports say the FBI is investigating related allegations.
What the reporting says
Nvidia stock rose 1.8% in premarket trade after falling more than 4% on Monday. The earlier drop followed controversy surrounding CEO Jensen Huang’s affair, and the move wiped out $1.57 trillion in market value. The summary also says the FBI is reportedly investigating allegations involving a suspected Chinese intelligence operative.
Why it matters
Nvidia stock recovered 1.8% in premarket trade after a steep drop of more than 4% on Monday. It also says the FBI is reportedly investigating allegations involving a suspected Chinese intelligence operative, adding to the market pressure around the stock.