Bitcoin listless, Nvidia perps crash 7% as CEO Jensen Huang reportedly faces the axe

President Donald Trump has drawn attention to his close relationship with Nvidia CEO Jensen Huang following revelations about Huang's alleged affair with a Chinese businesswoman, believed to be a spy for Beijing. The affair has coincided with Huang's FBI investigation and a board meeting to determine his future. Huang, who has supported Trump's AI agenda and met with the Republican leader multiple times, faced calls from lawmakers to halt exports of advanced AI chips to China.

Despite these calls, the Trump administration allowed limited exports of Nvidia's H200 AI chips to China, arguing that continued sales would keep Chinese customers reliant on US technology. Huang and the White House claim that such sales would prevent Chinese reliance on Chinese technology. During various interactions with Trump, Huang praised the administration's AI policies and attended high-profile events with the President, including a state dinner for Chinese President Xi Jinping.

Trump, however, claimed that Huang was unaware of the Chinese intelligence asset's true identity, stating that he believed Huang's claim of innocence. Despite the ongoing FBI investigation, Trump expressed confidence in Huang's future.