Nvidia shares plunge 8% on Chinese espionage probe tied to CEO Jensen Huang
Nvidia shares fell over 8% in US trading amid fears of Chinese espionage linked to CEO Jensen Huang's alleged affair with businesswoman Alice Huang, prompting an internal investigation into potential national security risks. The New York Times reported Alice Huang, a former executive at Singapore data center firm Megaspeed, allegedly works as a spy for China's Ministry of State Security seeking confidential microchip design information. China denies the claims, while President Trump expressed support for Jensen Huang. US intelligence reportedly warned the Trump administration about Alice Huang this spring, leading Secretary of State Marco Rubio to attempt blocking Jensen Huang from an October meeting with Xi Jinping. No judicial charges have been filed, and Nvidia's board maintains confidence in its CEO.