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

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The crisis gripping Nvidia is gathering pace, with around $430bn wiped off the value of the world’s most valuable company since it was hit by a spying scandal.

Overnight, Nvidia announced it has hired a former top federal prosecutor to help probe chief executive Jensen Huang’s relationship with a suspected Chinese spy.

The company’s board have retained Joon H. Kim, the former acting U.S. Attorney of the Southern District of New York, and his firm Wachtell, Lipton, Rosen & Katz to conduct “a thorough and independent investigation”.