Senate summons Jensen Huang over alleged affair with suspected Chinese spy; Nvidia stock falls

The U.S. Senate Banking Committee has summoned former Nvidia CEO Jensen Huang to testify in December following allegations of an extramarital affair with a suspected Chinese spy. The closed-door deposition is scheduled for December 1st. Committee Chairman Tim Scott announced that Huang and Commerce Secretary Howard Lutnick have been called to provide testimony. The news comes as Nvidia's stock price fell 4.3 percent following Huang's resignation, after initially dropping nearly 14 percent at the market open. The stock decline has benefited competitors like Advanced Micro Devices and Broadcom, whose shares saw gains amid Nvidia's turmoil. The company's shares had been under pressure for several days prior to the announcement.