Nvidia shares fall as board probes CEO Jensen Huang over alleged China spy affair
Briefing by News4U · First published
Nvidia’s board opened an independent investigation after CEO Jensen Huang admitted in a letter to employees that he had an extramarital affair with Alice Huang, a business executive US intelligence agencies suspect of spying for China; the company said it had no reason to believe national security or trade secrets were compromised. Shares fell more than 4 percent at the open while the broader market rose. President Trump called Huang an “honorable guy” and said he hoped he would remain CEO. China’s Foreign Ministry rejected the allegations as “groundless.” [1] [2] [3] [4] [5] [6] [7] [8]
Sources
- Jensen Huang: Why a personal scandal for the face of the AI boom has provoked a national security scare
BBC Business · · Summary only
- Trump calls Nvidia chief Jensen Huang an 'honorable guy' amid spy allegations
Euronews World · · Full text
- Nvidia shares fall as it probes alleged Chinese spy scandal
FT Markets · · Summary only
- Nvidia’s Stock Price Drops After Investigation Into CEO Jensen Huang
NY Times · · Summary only
- Jensen Huang Puts $200 Billion Dent in Nvidia’s Stock Price
Bloomberg · · Summary only
- Nvidia fallout: chipmaker faces extensive risks after CEO affair, analysts and lawyers say
SCMP Business · · Summary only
- Nvidia shares slump amid investigation into CEO Jensen Huang
Al Jazeera · · Full text
- Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy
The Guardian · · Full text