The Globe and Mail reports in its Wednesday edition that Nvidia boss Jensen Huang is embroiled in a sex-and-spy scandal, leaving investors questioning when personal matters overshadow profits.
The Globe's Gus Carlson writes that Mr. Huang's alleged extramarital affair with a woman, rumoured to be a Chinese spy and a Nvidia customer, shocked global markets that viewed Nvidia as a leader in artificial intelligence and Mr. Huang as its key figure.
Under Mr. Huang's leadership, Nvidia had become the second most valuable company on the planet, with a market capitalization of about $4.5-trillion (U.S.).
Investors face a dilemma: Do they heed the devil on one shoulder, arguing that a personal indiscretion -- even with a suspected spy -- shouldn't deter them from investing in a company Mr. Huang has made successful? Or do they listen to the angel on the other shoulder, cautioning that a leader of such low moral character -- and potential national security risks -- makes the company a poor investment?
Since the news broke on Monday, the angel has been winning: Nvidia's share price sank as much as 6 per cent that first day, and is now down more than 10 per cent since before the scandal, wiping out billions of dollars in value.
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