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Nvidia's board said Sunday that a committee of independent directors with outside counsel will investigate reports that Jensen Huang was the target of a foreign intelligence effort; it has no reason to believe secrets were compromised and has confidence in him.
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A retiree who bought 1,000 shares at the June 10, 2024 split-day close of $121.79 holds $186,640 at Friday's close; a 5%, 10% or 20% Monday drop costs $9,332, $18,664 or $37,328, and even the worst case leaves them $27,522 ahead.
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Selling all 1,000 shares realizes a $64,850 long-term gain, about $9,728 of federal tax at 15%; selling 500 costs about $4,864 and keeps $93,320 in the stock.
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The warning in Jensen Huang's Sunday apology is the one risk Nvidia's $4.51 trillion of market value has never had to carry: an independent investigation of the founder who runs it, landing on a stock that opens Monday already 22% below its record. In a letter to employees obtained by Axios on Sunday, Huang wrote that he was unfaithful to his wife, and Nvidia's board said at 2:59 PM ET that a committee of independent directors, with outside coun...