Congress summons Nvidia CEO Jensen Huang over 'interactions' with a suspected Chinese spy as shares tumble

Summary

Nvidia opened an investigation after a report that CEO Jensen Huang was the target of foreign intelligence, The Guardian reported on Sunday 8 November, the CEO allegedly having had a close relationship with a Chinese businesswoman who passed information to Beijing, Sky News reporting that Nvidia says it is investigating reports that Huang had been targeted by a foreign intelligence effort. Huang confirmed an extramarital relationship in an internal message to employees, the Financial Times reported, BBC News writing that Huang admitted to having been 'unfaithful' and will cooperate with a security investigation, and The Independent reported a public apology over the affair with the suspected Chinese spy. On Monday 9 November Euronews reported that Huang is being investigated by the company's board, and Nvidia's shares slid, City A.M. writing that shares in the AI giant were trading down 5.8 per cent on Germany's Tradegate exchange on Monday morning, and BBC News that the share price drop wiped hundreds of billions of dollars from the value of Nvidia. The Financial Times reported that the alleged spy, Alice Huang, pitched AI chips deals to investors, and The Guardian that Silicon Valley and Trump rallied behind the Nvidia CEO. The Nvidia boss was summoned by Congress over 'interactions' with the suspected Chinese spy, the Evening Standard and The Independent reported, the Bristol Post writing that the CEO has been called upon to appear before the US Congress.

Latest: The Nvidia boss was summoned by Congress over 'interactions' with the suspected Chinese spy, the Evening Standard and The Independent reported, after headlining that Nvidia shares plunge, City A.M. writing that shares in the AI giant were trading down 5.8 per cent on Germany's Tradegate exchange on Monday morning and BBC News that the drop wiped hundreds of billions of dollars from the value of Nvidia, while the Financial Times reported that the alleged spy, Alice Huang, pitched AI chips deals to investors and The Guardian that Silicon Valley and Trump rallied behind the Nvidia CEO.

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