Nvidia Shares Slip Below $180 as Board Investigates CEO Jensen Huang

Nvidia shares fell 4.74% in premarket trading Monday to $177.80 as the company’s board opened an independent investigation into CEO Jensen Huang, putting a governance review alongside a drop in the stock before the U.S. market opened.

The premarket price was $8.84 below Friday’s close of $186.64 and $2.20 below the $180 mark. The percentage and dollar figures describe the same decline from Friday’s close: 4.74% in relative terms and $8.84 in absolute terms. Friday’s close provides the reference point for both comparisons; $177.80 is the Monday premarket price.

It concerns Huang, Nvidia’s chief executive, and follows reports that U.S. intelligence agencies believe Alice Huang, an executive at cloud firm Megaspeed, is connected to espionage.

Nvidia shares traded below $180 in premarket trading as the board investigated CEO Jensen Huang.