Tsunami of NVIDIA losses of $335 billion following an investigation into its president’s suspicious relationship with a Chinese spy.

Nvidia shares witnessed a sharp decline of 7.5%, bringing the share price to $172.75 compared to $186.64, following the Board of Directors’ announcement of opening an independent investigation to determine the nature of CEO Jensen Huang’s relationship with a businesswoman suspected of being linked to Chinese intelligence.

This decline, which is the lowest for the stock in seven months, erased about $335 billion from the company’s market value, falling to approximately $4.16 trillion, down from $4.5 trillion. The stock also topped the list of losing stocks in the Dow Jones Index, which in turn recorded an increase of 1.3%, supported by a decline in oil prices by 4.7%.

In terms of individual losses, Huang’s stake in the company, which amounts to about 3.61%, shrank from $162 billion to about $150 billion.

In a related context, Huang sent an email to the company’s employees in which he acknowledged his wife’s betrayal, saying: “There is no excuse for what I did,” pledging to bear “full responsibility” and making efforts to restore the employees’ trust, without mentioning in his letter the espionage allegations raised.