Nvidia and its peers in the technology industry lost an estimated $2.5 trillion in value as investors questioned the regulatory challenges that could emerge following the US midterm elections. Jensen Huang’s fortune, tied to the Nvidia he co-founded, fell from $171.1 billion to $150.9 billion in one week before briefly rebounding to $154.9 billion. Nvidia’s shares have declined 18.6% over the past month, and the company’s board opened an independent investigation after Huang disclosed an affair with a woman identified as an alleged Chinese spy. Huang admitted being unfaithful to his wife and apologized, while the Chinese government denied involvement and dismissed the allegations as smears. Asian equities rallied, but concerns about the investigation limited gains, with Nvidia down roughly 3.5% on platforms offering weekend prices.
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