Nvidia falls more than 6 per cent, no longer second biggest company by market value

NEW YORK: Shares of Nvidia plunged again Tuesday as scrutiny on the artificial intelligence giant intensified after its CEO acknowledged an affair with a woman believed to be a Chinese spy.

Near 1715 GMT, the chip specialist was down 6.3 percent at $167.35.

Since the weekend’s revelations about CEO Jensen Huang, Nvidia has lost more than $400 billion in market value, dropping it to third among the world’s biggest companies by value, behind Apple and Microsoft.