Nvidia hires Wachtell Lipton to review CEO Jensen Huang affair

Nvidia's independent directors have hired law firm Wachtell, Lipton, Rosen & Katz to lead an inquiry into CEO Jensen Huang's relationship with an executive suspected of working for Chinese intelligence, the company said Tuesday. The review will assess whether company secrets or national security were compromised. Former acting U.S. attorney Joon H. Kim will lead the review, following the board's weekend disclosure of Huang's extramarital affair with Alice Huang, a former Megaspeed executive. Nvidia shares have fallen about 10% since Monday, trimming its market valuation to $4.06 trillion. The inquiry follows a New York Times report that President Donald Trump was briefed in May about intelligence linking Huang to the individual, though Trump said Monday he did not recall such warnings. The review adds to governance uncertainty as lawmakers consider how the fallout might affect semiconductor export restrictions.