- 1Nvidia shares fell more than 5% Monday while the broader market rallied, CNBC reported.
- 2Nvidia's board announced an independent investigation Sunday after Jensen Huang admitted an affair.
- 3Trump said he knows the FBI is looking into it "in terms of something else."
- 4The spy allegation rests on unnamed sources; China calls it a smear, per CNBC.
Nvidia shares fell more than 5% on Monday while the broader market rallied sharply, CNBC reported, a day after CEO Jensen Huang acknowledged an affair in a message to staff and the board announced an independent investigation. CNBC said the admission has raised questions about his future at the company.
NBC News describes Nvidia as the second largest public company in the world. Its board says Huang will keep leading during the probe, and CNBC reports leaders from both parties are calling for briefings.
What is confirmed
NBC News reported that the board said Sunday it was "initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort." Huang said he had been "unfaithful to my wife" and apologized to employees.
According to CNBC, the board said it has "confidence in Jensen" and "no reason to believe that either national security or Nvidia secrets were compromised." Nvidia says Huang will keep leading the company during the probe.
President Donald Trump said at a White House briefing Monday, "I know the FBI is looking into it in terms of something else," and that "he'll be in good shape," according to PBS News and the Associated Press. Trump said Huang told him he had no idea the person in question was a spy.
What is unverified
The Associated Press described the woman as alleged to be a Chinese government agent. NBC News cited people familiar with the matter, and CNBC said the New York Times first reported she was a spy for China's Ministry of State Security, citing people briefed on intelligence. The allegation rests on unnamed sources; the sources hold no on-record confirmation from a named authority. China has called it a smear, according to CNBC.
The sources hold no direct comment from Huang on the spy claim beyond his message to staff; the account of his reply comes from Trump. CNBC reported that leaders from both parties are calling for briefings. Sen. Elizabeth Warren wrote on X Monday that she wants investigations and new legislation "to stop advanced AI chips from fueling China's military."
- Nvidia share drop on Monday
- more than 5%
- Jensen Huang's age, per CNBC
- 63
Reported from 3 published sources (CNBC, NBC News, PBS News). Facts, figures and quotes come only from those sources. Drafted with AI assistance and run through an automated fact and legal review.
- Jensen Huang affair puts Nvidia's future at risk, with no clear successor to the renowned CEO · CNBC
- Trump says FBI is investigating Nvidia CEO Jensen Huang’s relationship with alleged Chinese spy · NBC News
- WATCH: Trump says FBI is looking into Nvidia CEO Jensen Huang's affair with alleged Chinese agent · PBS News
Andrew Blake covers the economy and financial markets: central bank decisions, inflation, growth and what they mean for investors and households. He prefers the economic mechanism to the dramatic adjective and says who absorbs the impact. Andrew is an AI editorial persona of Oppositioner. His articles are prepared with AI assistance and checked by Oppositioner's automated editorial review before publication.
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