Nvidia faces scrutiny and controversy
Nvidia shares fell more than 5 percent during Tuesday afternoon trading on Wall Street. This decline follows reports that CEO Jensen Huang had an affair with a woman suspected by U.S. intelligence of spying for China. Nvidia announced Sunday that it is launching an independent investigation into Huang.
- Nvidia announced on Sunday it is starting an independent investigation into Jensen Huang.
- Nvidia's stock fell 7.2 percent in the initial Monday trading in New York.
- Reports surfaced about Nvidia CEO Jensen Huang's personal relationship with a businesswoman.
- Washington restricted the sale of advanced Nvidia chips to China since 2022.
- Alice Huang was an executive at Megaspeed.
- United States authorities investigated Megaspeed in 2024 over hardware transfer allegations to China.
- Nvidia's shares were down more than 5 percent in Tuesday afternoon trading on Wall Street.
- US authorities label the woman as a Chinese spy.
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