Nvidia sell-off deepens, fall 6.3%; wipes $10 billion off Jensen Huang’s wealth, slips to 12th on Forbes rich list

Nvidia shares came under another round of selling pressure in Tuesday’s trade, falling 6.3% to hit a seven-month low of $166.5 apiece, following a 4.3% decline in the previous session.

Investors appeared concerned about the chip giant’s future prospects amid reports surrounding CEO Jensen Huang’s alleged relationship with Chinese businesswoman Alice Huang, who has reportedly been identified as a Chinese intelligence asset.