Investigation into Nvidia CEO Jensen Huang Causes Shares to Fall

An investigation has been launched into Jensen Huang, CEO of AI chip manufacturer Nvidia, following his admission of a relationship and allegations that he was targeted by foreign intelligence services.

According to a report by the New York Times, 63-year-old Jensen Huang is alleged to have been in a close relationship with Alice Huang, a former executive at the Singapore-based technology company Megaspeed. Allegations that Alice Huang was passing information to Beijing have led to an investigation into whether the Nvidia CEO has been a target of foreign intelligence activities. There is no familial relationship between Alice Huang and Jensen Huang.

Following these developments, Nvidia shares fell by 8% at the market opening. Although the losses narrowed slightly to 6.5% during the day, the company's market value remains high compared to earlier periods of the year.