00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares rose 5.3% in pre-market trading Wednesday after falling 4.3% Monday and 5.47
00:11%
00:11Tuesday, according to CNBC. The sell-off earlier this week came amid a scandal involving CEO
00:18Jensen Huang's affair with an alleged Chinese spy. NVIDIA announced Tuesday it hired law firm
00:24Wachtell, Lipton, Rosen, and Katz to investigate whether company secrets or national security
00:29were compromised. CEO Jensen Huang maintained a business-as-usual appearance, returning to
00:35the office Monday and conducting meetings Tuesday ahead of the company's November 17th earnings
00:40report. Bank of America outlined three potential scenarios, ranging from contained fallout to
00:46leadership disruption and tighter restrictions. Zacks strategist John Blank cited concerns about
00:52further U.S. restrictions and additional revelations. Morgan Stanley removed NVIDIA from its top picks
00:59Wednesday after shares declined more than 25% since October 2nd. Analysts emphasized Huang's
01:05importance to the company's strategic direction. For all things money, visit Benzinga.com.
