Daijiworld Media Network - New York

New York, Nov 11: Shares of US chipmaker Nvidia witnessed another sharp decline on Tuesday as the company faced growing scrutiny following allegations involving its chief executive officer Jensen Huang and a woman reportedly suspected of having links to Chinese intelligence.

Nvidia shares fell 6.3 per cent to $167.35 around 1715 GMT. The decline followed a drop of more than four per cent on Monday, as concerns surrounding the allegations weighed on investor sentiment.

According to the report, Nvidia has lost more than $400 billion in market value since the revelations emerged over the weekend, pushing the company to third place among the world's most valuable companies, behind Apple and Microsoft.

The controversy has raised questions about whether Huang was the target of a foreign intelligence operation. It has also brought increased attention to the company's leadership, corporate reputation and future prospects.

Huang, who co-founded Nvidia more than three decades ago, has been closely associated with the company's growth into one of the world's leading technology firms. Nvidia has played a central role in the artificial intelligence boom through its advanced semiconductor technology, which is widely used by AI developers.

The allegations have prompted questions from law enforcement agencies, members of Congress, the company's board and shareholders.

US President Donald Trump said on Monday that the FBI was investigating the matter. However, Trump said he had spoken with Huang and believed the executive had no knowledge that the woman in question was allegedly a spy.

With Nvidia's market valuation exceeding $4 trillion, developments surrounding its leadership have attracted considerable attention across financial markets. The latest share price decline reflects growing investor concern amid uncertainty over the allegations and their possible implications for the company.