Nvidia's board of directors announced on November 8 that it will launch an independent investigation into allegations relating to CEO Wong In-hoon's personal matters. Affected by the related turmoil, Hwang In-hoon's stay became the focus of the market. On the 9th local time, Nvidia's stock price fell and eventually closed down 4.27% to 178.67 US dollars per share, and the market value shrunk by about 193 billion US dollars. Five minutes after the US stock market closed, Nvidia and Wong In-hoon faced a shareholders' class action lawsuit, accusing them of allegedly defrauding shareholders. Prior to the impact of this scandal, Nvidia's stock price was already under pressure. Market concerns about the valuation of AI circuit companies continue to heat up. In addition, the AI sector is generally sold off. Nvidia's stock price has dropped nearly 20% over the past month.

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