Trump says FBI is looking into Nvidia CEO Jensen Huang's ties to alleged spy
President Trump told reporters Monday that the FBI is looking into Nvidia CEO Jensen Huang's relationship with a business executive whom U.S. intelligence reportedly determined was gathering information for China. Huang has admitted an affair, and Nvidia's board opened an independent inquiry, saying it has no reason to believe national security or company secrets were compromised. Nvidia shares closed down about 4.3% Monday. China's Foreign Ministry called the spy allegations a smear.
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Why it matters
Nvidia is one of the most valuable chipmakers, and its shares closed down about 4.3% Monday after the company opened an inquiry into its CEO. Investors who hold Nvidia directly or through funds saw that drop. The board says it has no reason to believe national security or company secrets were compromised.
How each side sees it
Sources
- Reuters (via Investing.com): Trump says FBI probing Nvidia CEO Huang
- Al Jazeera: Trump says FBI probing Nvidia CEO's affair with alleged spy
- PBS NewsHour (AP): What we know as Nvidia investigates an alleged spy plot
- Fox Business: Nvidia shares fall after investigation into CEO
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