NVIDIA CEO Faces Scandal Over Alleged Chinese Spy Ties

NVIDIA CEO Jensen Huang faces a scandal over alleged ties to a suspected Chinese spy, impacting AI chips, US security, and the company's stock. The controversy has led to a 4.3% drop in share value, erasing roughly $200 billion in market capitalization. Reports from the New York Times and Financial Times allege Huang had a close relationship with Alice Huang, a Chinese citizen and former executive at Singapore-based data center firm Megaspeed. US intelligence reportedly assessed she was an agent for China's Ministry of State Security, tasked with gathering information on NVIDIA and influencing chip export policies. NVIDIA's board has launched an investigation, stating no threat to national security is believed to exist. Huang admitted to an extramarital affair in an email to employees, apologizing to his family and colleagues. China has denied the allegations, calling them baseless, while US lawmakers have requested briefings on the matter.