President Trump says FBI investigating Nvidia CEO after board launches probe

President Donald Trump told reporters at a press briefing that he had called Nvidia CEO Jensen Huang on Monday to check on his well-being after the company announced an independent investigation into allegations that Huang had an extramarital relationship with a woman identified by U.S. intelligence as a Chinese spy. Trump said Huang told him he was unaware that the woman was a spy and that he believed Huang’s statement.

Trump added that the FBI is probing the events and expressed confidence in Huang’s character, describing him as “an amazing guy” and indicating that he hopes there will be no problem for the company’s leadership.

Nvidia’s board said it was launching the investigation in response to recent reporting that Huang had been targeted by a foreign intelligence effort. Huang issued an apology to employees, acknowledging that he had been unfaithful to his wife. The company confirmed that Huang will remain CEO.

Shares of Nvidia fell 4.2% in Monday trading, making the stock the worst performer on the Dow and Nasdaq. The revelations have also prompted calls from members of Congress for greater oversight of AI-related firms. Representative Hakeem Jeffries requested a full briefing on the issue, while Senators Elizabeth Warren and Jim Banks issued a joint statement urging decisive congressional action.