Nvidia board probes CEO over China spy allegations

Nvidia shares fell over four percent Monday after the company's board opened an inquiry into reports that CEO Jensen Huang was targeted by a Chinese spy, following his admission of an affair with a woman US officials allegedly believe was funneling information to Beijing. Huang acknowledged being "unfaithful" to his wife in a message to employees, while China dismissed the spy claims as "baseless vilification." President Donald Trump said he spoke with Huang and believes the CEO had no knowledge of the alleged espionage, noting Huang is "suffering greatly." The probe comes as Nvidia, a key player in the AI chip race, faces potential congressional scrutiny, with the House Select Committee requesting a closed-door briefing from Huang on November 18. Analysts call the situation a "black eye moment" that could create uncertainty around the company's stock.