Nvidia shares rose 4.5% in premarket trading on Wednesday, after falling 5.47% on Tuesday and 4.3% on Monday. Investors are assessing the potential consequences of the scandal involving Chief Executive Officer Jensen Huang and an alleged Chinese spy. Nvidia hired law firm Wachtell, Lipton, Rosen & Katz to investigate whether company secrets or national security were compromised. Bank of America outlined three scenarios, ranging from a contained matter with leadership continuity to prolonged uncertainty weighing on the company’s valuation. Huang resumed activities at the office ahead of the quarterly earnings release scheduled for November 17.
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