Nvidia CEO Jensen Huang to testify before Congress on China intelligence ties

Nvidia's outgoing CEO Jensen Huang will testify before Congress before Thanksgiving regarding reported ties to a Chinese intelligence source, following his ouster as company chief on Thursday. Huang resigned after reports of an extramarital affair with a Chinese businesswoman identified by US authorities as an intelligence asset for Beijing. House Foreign Affairs Committee Chairman Brian Mast confirmed Huang agreed to testify, with the session expected via video and transcribed. Nvidia's stock fell 5.77% at publication. Huang had been summoned by three Republican lawmakers last week, with Mast prepared to issue a subpoena. Nvidia appointed CFO Colette Kress as interim CEO. Reports also allege Huang was involved with Nvidia VP Kimberly Powell, and his affair allegedly facilitated $7.5 billion in chip deliveries to Chinese firms.