Nvidia shares plunge after CEO's China spy affair report

Shares of Nvidia, the world's second most valuable company, have plunged following reports that its CEO Jensen Huang had a relationship with a woman suspected of being a Chinese spy, causing global shockwaves. The New York Times reported that US intelligence suspects Alice Huang, a former Chinese TV journalist, may have ties to China's Ministry of State Security and sought to gather information from Jensen Huang. The company's board has launched an independent investigation, while Huang admitted to the affair in an email to employees. The controversy has also raised questions about a $4.8 billion chip deal involving a Malaysian subsidiary, with concerns that exports may have been diverted to China. Nvidia's shares fell 8 percent, erasing over $300 billion in market value.