Nvidia shares tumble as board probes CEO's Chinese ties and affair
On 9 November, Nvidia's shares fell about 8% after the company announced a board-led investigation into CEO Jensen Huang's alleged connections to Chinese intelligence and his personal misconduct, CBC reported. The investigation follows a series of developments that began in early November. On 5 November, Nvidia said its board would conduct an independent probe into national-security concerns after Huang acknowledged an extramarital affair with Megaspeed executive Alice Huang. Earlier, three U. S.
House committees had asked Huang to appear at a closed-door briefing on his contacts with a Chinese intelligence asset, and U. S. intelligence reports identified a Singapore-based executive as a conduit for information to Beijing. The New York Times and other outlets reported that China's Ministry of State Security recruited the executive to gather data on Nvidia and influence export decisions.