DOJ Investigates Megaspeed Amid Nvidia Espionage Concerns
The U.S. Department of Justice has launched a criminal inquiry into Singapore-based data center company Megaspeed following concerns regarding potential espionage involving Nvidia (NVDA). The investigation was transferred to the DOJ after Nvidia's general counsel raised alarms with the Commerce Department, suggesting previous inquiries might have been compromised. The situation is compounded by reports that Nvidia CEO Jensen Huang may be subject to a congressional briefing related to foreign intelligence efforts. Despite these legal and security complexities, market sentiment remains cautiously optimistic regarding leadership; a recent poll indicates 63% of surveyed investors expect Huang to retain his position with full board support. In other market news, Lincoln Educational Services (LINC) saw gains following strong Q3 student enrollment numbers, while DoubleU Games reached an agreement to acquire the remaining shares of DoubleDown Interactive (DDI). Additionally, Jersey Mike's Subs (JMKE) has officially entered the European market with its first London location.
Tickers: $JMKE $LINC $NVDA $VIR
Topics: Corporate espionage DOJ investigation Espionage concerns Government inquiry
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Part of the story Jersey Mike's enters Europe with an opening in London (3 articles)