Late-night shock! Jensen Huang scandal sparks a selloff, with $NVDA closing in on the $166 mark!

Last night, NVIDIA shares plunged more than 6% intraday to $166.88, posting a 5.37% daily loss. The main trigger was CEO Jensen Huang admitting to an affair and being implicated in a suspected espionage scandal. The board urgently launched an independent investigation, while shareholder class-action lawsuits and rumors of FBI involvement gained traction, unleashing a full-blown governance crisis.

That same day, Bank of America removed NVDA from its “US 1” preferred list, and Wells Fargo cut its price target. Combined with hotter-than-expected October CPI fueling rate-hike bets, soaring Treasury yields dealt a final blow to the valuation. More than $420 billion in market value evaporated over two days.

$166 is a key support level for NVDA over the past month. How much room is there to fall if it breaks below? @老张说趋势 We’ll continue to follow developments.

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