Share price of Nvidia fell up to 6% during trade after the opening bell of the US stock market indices on Monday. This continues the previous week's offloading. The AI chipmaker may lose close to $350 bilion in market value from the preceding closing value.This development comes after the company commenced an independent investigation after reports that its founder and chief executive officer (CEO) Jensen Huang was reportedly targeted by China's intelligence agencies. The reports stated that the China's Ministry of State Security recruited Alice Huang, a former executive at Megaspeed International, a Singapore-based data centre. US intelligence officials came to believe Alice Huang was passing information to Beijing, while Jensen Huang had an affair with the former. The Nvidia CEO confirmed the infidelity. He added that the firm would undertake an independent investigation to determine wether US national security or the company's confidential information had been compromised." I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.....Regarding the national security concerns raised in news reports, NVIDIA's Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America's national security. I am proud and grateful to be an American," he wrote in an e-mail.(This is a developing story.)