Nvidia CEO faces shareholder lawsuit and FBI probe over concealed relationship

Nvidia CEO Jensen Huang faces a shareholder class action lawsuit in California and an FBI investigation, confirmed by President Trump, over his concealed relationship with a woman suspected of being a Chinese spy. The scandal has erased over $400 billion in market value, with shares falling nearly 10% in two days. The lawsuit accuses Huang and Nvidia of hiding the relationship from investors, while the company's board has launched an independent internal probe. The woman, Alice Huang, allegedly led a network that transferred up to $7.5 billion in advanced chips to Chinese firms, bypassing US export restrictions, and may have worked for Chinese intelligence. The case could impact US-China tech competition and upcoming Trump-Xi talks at the APEC summit. Beijing denies the espionage allegations. Huang admitted marital infidelity to employees on Sunday, but resignation appears unlikely as the board maintains confidence and no successor is designated.