FBI investigates Nvidia CEO Jensen Huang over China spy allegations

President Donald Trump said Monday that the FBI is investigating Nvidia CEO Jensen Huang over his affair with a Chinese businesswoman alleged to be a spy for Beijing, as the controversy deepens. Trump said he spoke with Huang, who denied knowing the woman was a spy, and predicted he would "be in good shape." Nvidia shares fell over 4% Monday after the board launched an internal probe into whether Huang was targeted by foreign intelligence. The 63-year-old CEO, a key figure in the AI boom, told employees he was unfaithful to his wife, while China dismissed the allegations as "groundless" slander. Huang, Nvidia's fifth-largest shareholder with a 3.6% stake, lacks dual-class shares for majority control, unlike other tech leaders. Shareholders filed a class action lawsuit Monday, and lawmakers are pushing for stricter AI chip restrictions on China following the revelations.