Nvidia CEO’s affair with alleged spy sparks board probe and market jitters

Nvidia CEO Jensen Huang admitted to an extramarital affair with Alice Huang, an executive accused by US intelligence of spying for Beijing, triggering a board investigation and market unease. The company's board launched an independent probe, stating no evidence of leaked corporate secrets or national security threats has emerged. Donald Trump publicly supported Huang, while China dismissed the allegations as a smear campaign. Nvidia's stock fell about 5% in premarket trading Monday. Investors worry about potential leadership succession, as Nvidia has no public heir apparent, and about impacts on partners like CoreWeave and OpenAI. The case also renews US concerns over circumventing advanced chip export restrictions to China.