Nvidia probes whether CEO Huang was target of foreign spying as he admits affair

Nvidia's board is investigating whether CEO Jensen Huang was targeted by a foreign intelligence effort, following a media report that alleged he had a close relationship with a Chinese businesswoman who allegedly passed information to Beijing. Huang admitted to being unfaithful to his wife and took full responsibility for his actions, while Nvidia stated that he remains committed to leading the company without interruption.

The developments are expected to pressure Nvidia's stock, which has already fallen due to concerns about the AI boom's sustainability. Huang has expressed his commitment to protecting Nvidia and supporting America's national security. The investigation aims to examine all available information and will be overseen by a committee of independent directors.

US President Donald Trump expressed his hope for Huang's well-being and called him a fine person. US Secretary of State Marco Rubio declined to comment on Huang's situation. The investigation adds to pressure on Nvidia as investors pull back due to uncertainty over the sustainability of the booming AI market.