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NVIDIA, AI Investment Concerns Compound CEO Scandal… Market Cap Surges by 627 Trillion Won Over Two Days < General Industry < AI Industry < Article Body - AI Times

February 19, 2022 | AI Times
NVIDIA, AI Investment Concerns Compound CEO Scandal… Market Cap Surges by 627 Trillion Won Over Two Days < General Industry < AI Industry < Article Body - AI Times
(Photo=Shutterstock) Nvidia lost approximately $430 billion (about 627 trillion won) in market capitalization over two days as concerns about alleged Chinese espionage involving CEO Jensen Huang and anxiety over the profitability of AI investments compounded. Following its sharp stock-price decline, which ceded the world's No. 2 market capitalization ranking to Microsoft (MS), AI-related companies also fell, increasing market instability. Reuters reported

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