Nvidia hires Wachtell Lipton to probe CEO Jensen Huang's affair

Nvidia's board has hired law firm Wachtell, Lipton, Rosen & Katz to investigate CEO Jensen Huang after he admitted to an affair with a woman linked to Chinese intelligence, raising concerns about potential security breaches. The independent board members retained former acting U.S. Attorney Joon H. Kim to lead the probe, announced Tuesday, following Huang's Sunday email to staff acknowledging the relationship with Alice Huang. Nvidia's stock fell 6% Tuesday after a 4% drop Monday amid investor worries about his possible ouster. The investigation comes as Nvidia faces scrutiny over restricted AI chip sales to Chinese companies, with reports alleging Alice Huang passed information to Beijing. The board stated it has no reason to believe national security or company secrets were compromised.