Nvidia (NVDA) hires Wachtell for Jensen Huang investigation as shares fall nearly 10% in two days

Key points Nvidia's independent directors hire Wachtell Lipton for Huang investigation Nvidia's two-day decline nears 10% Trump heard about Nvidia CEO's ties to suspected spy in May, NYT reports Nvidia's (NVDA) independent directors have hired Joon H. Kim, a former acting US attorney for the Southern District of New York, and his law firm, Wachtell, Lipton, Rosen & Katz, to run their investigation of chief executive Jensen Huang. Nvidia posted the one-sentence statement on Tuesday, two days after the board announced the investigation into reporting that Huang was the target of a foreign intelligence effort. Nvidia shares fell 6.6% to $166.91 as of 3:00 p.m. ET on Tuesday, after dropping 4.3% on Monday. The two-day decline of 10.6% from Friday's $186.64 close comes to about $476 billion in market value, based on the 24.1 billion shares Nvidia reported in its latest quarterly filing. Update, Nov.

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