Schumer slams Trump for ignoring Nvidia CEO spy briefing as shares fall 6%

Senate Minority Leader Chuck Schumer accused President Donald Trump of failing to protect national security after reports emerged that Trump was briefed over a year ago about Nvidia CEO Jensen Huang's relationship with a suspected Chinese spy but took no action. Nvidia shares fell more than 6% on Tuesday amid the controversy. The New York Times reported that Secretary of State Marco Rubio briefed Trump aboard Air Force One in May before a trip to China, after intelligence suggested Huang was in a relationship with a woman believed to work for China's Ministry of State Security. Trump proceeded with plans to bring Huang to Beijing and has denied knowing about the relationship at the time, though he has since defended Huang as an "honourable man." Nvidia's stock decline pushed it below Microsoft in market valuation, making Microsoft the world's second-most valuable company. Huang admitted to a romantic relationship with the woman, identified as Alice Huang, on Sunday, and Nvidia announced an independent investigation into the matter, stating its board had no reason to believe trade secrets or national security had been compromised.