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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

President Trump saysThe FBI is looking into it; he said Huang told him he had no idea the woman was a spy, that he believes him, and that he thinks Huang will be in good shape.
Nvidia's board saysIt has no reason to believe national security or company secrets were compromised, and an independent inquiry overseen by outside counsel will examine all available information.
China saysForeign Ministry spokesperson Guo Jiakun called the spy allegations groundless and a smear against China.

Sources

Checked against 4 established news sources:

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Published Tuesday, November 10, 2026. Spot an error? Email [email protected]. See our corrections log and standards.

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