# Nvidia’s value tumbles by $430bn since spy allegations, as major US law firm hired to investigate claims – business live

- URL: https://talkfuse.com/story/nvidias-value-tumbles-by-430bn-since-spy-allegations-as-major-us-law-firm-hired-to-investigate-claims-business-live/
- Published: 2026-11-11T07:52:57+00:00
- Updated: 2026-11-11T08:07:29+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/nov/11/nvidia-spy-allegations-us-law-firm-hired-investigation-stock-markets-pound-dollar-ftse-nasdaq-latest-news-updates
- Topics: Americas, Asia, Business, World

## Key points

- Nvidia has launched an independent investigation into spy allegations.
- Its market value has fallen by about $430 billion.
- Beijing denies targeting Jensen Huang.

## Summary

Nvidia has hired former federal prosecutor Joon H. Kim and his law firm to investigate allegations involving chief executive Jensen Huang and a woman whom US officials suspect of spying for China. The company says the inquiry will be thorough and independent, as the claims have put pressure on Nvidia and its leadership.

Nvidia shares fell almost 5.5% on Tuesday, after dropping 4.27% on Monday. The company’s value is now reported at $4.07 trillion, down from $4.50 trillion before the story emerged last weekend. Beijing has denied operating an espionage effort targeting Huang; the article identifies the woman as Alice Huang, head of Nvidia customer Megaspeed.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.