Changes in US stocks | Hwang In-hoon's personal scandal unraveled and was investigated internally. Nvidia (NVDA.US) continued to fall by more than 5% before the market

The Zhitong Finance App learned that on Monday, Nvidia (NVDA.US) continued to drop by more than 5% before the market, and its stock price had already broken 8 times, falling 22% from its all-time high. According to the news, Nvidia CEO Hwang In-hoon publicly acknowledged the affair on Sunday, and the company's board of directors immediately announced the launch of an independent investigation. Nvidia's board of directors issued a statement on the same day announcing the establishment of a committee composed of independent directors and the hiring of external independent legal advisers to investigate the Hwang In-hoon scandal. “The board of directors currently has no reason to believe that national security or Nvidia secrets have been leaked,” but “will review all available information,” the statement said. Hwang In-hoon expressed support for the investigation and will cooperate fully. A company spokesperson said he will continue to be CEO “without interruption.”

Yorkville Ives analysts warned that the investigation results could lead to Hwang In-hoon's dismissal, which would put stock prices at risk. At the time of the incident, AI stocks were already under pressure due to multiple pressures. Nvidia fell more than 5% before the market, and the uncertainty faced by the company increased further.