Nvidia India staff lose $570 mn on paper as AI scare, spy scandal hit stock
New Delhi/Bengaluru, Nov. 13 -- Even as scandal-hit Jensen Huang resigned as chief executive of Nvidia Corp. in the middle of an espionage probe and an office affair, employees of the company's Indian unit are staring at paper losses of as much as $570 million.
Just a month ago, employees at Nvidia Graphics Pvt. Ltd, the chip maker's Indian branch, were sitting on a stock windfall; however, a market panic around AI companies and a scandal around Huang have erased much of it.
Employees held about 7.05 million unvested restricted stock units (RSUs) as on 31 March 2026, a Mint review of the company's financial statement filed with corporate affairs ministry showed. At the time, shares of the world's most valuable company traded at around $170,...
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