Nvidia Stock Drops 6% as CEO Jensen Huang Faces Probe Over Affair With Alleged Chinese Spy

Nvidia shares fell about 6% to $166.70 on Tuesday, hitting their lowest level since March, as the company faced fallout from CEO Jensen Huang's admitted affair with an alleged Chinese spy. Huang acknowledged the relationship with Alice Huang, a former Megaspeed executive reportedly recruited by China's Ministry of State Security, prompting Nvidia's board to launch an independent investigation. The company said it had no reason to believe national security or Nvidia secrets were compromised, and Huang will remain CEO during the inquiry. The scandal adds to Nvidia's challenges, including a federal investigation, a securities fraud lawsuit, and no apparent succession plan. President Donald Trump defended Huang, while the FBI investigates the relationship, and Nvidia's entertainment partners, including Disney and Universal Music Group, face questions about their ties.