THE BARE STORY
Nvidia shares rose more than 3.5% on Wednesday as technology stocks rebounded, with the Nasdaq gaining more than 1.5%, according to market figures in the summaries.
Nvidia’s board has opened an internal investigation involving Chief Executive Jensen Huang, the summaries said. The company’s board said it had found no evidence that national security or company secrets had been compromised.
Separately, U.S. and Singaporean authorities are investigating Singapore-based Megaspeed International over allegations that it smuggled restricted Nvidia artificial intelligence chips to China, according to U.S. investigators. The investigators alleged that the company acquired export-controlled hardware through industry connections and shell entities.
Megaspeed denied wrongdoing, saying prior inspections by U.S. Commerce Department officials, Malaysian trade authorities and Nvidia found no evidence of unlawful transfers. President Donald Trump said the FBI was reviewing personal and business connections involving Alice Huang, identified in the summaries as Megaspeed’s leader, and Jensen Huang.
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