Nvidia loses R$2.5 trillion after CEO's ties to suspected spy investigated

Nvidia lost R$2.5 trillion in market value over two days after reports of CEO Jensen Huang's relationship with a Chinese businesswoman suspected of espionage triggered an internal investigation and investor panic. The Nvidia board launched a probe on Sunday into shipments of US$7.5 billion in chips to China, with the FBI also investigating. President Donald Trump said he questioned Huang about the allegations, which were previously reported by the New York Times. Shares fell 5.47% on Tuesday, briefly making Microsoft the world's second-most valuable company. Analysts noted uncertainty over whether the case will lead to broader AI infrastructure restrictions, though accusations should not be treated as proof of business harm.