Nvidia shares rose 1.3% in premarket trading on Tuesday after falling more than 4% the previous day. The declines followed revelations by Nvidia Chief Executive Officer Jensen Huang about his relationship with Alice Huang, an executive at Nvidia customer Megaspeed. According to The New York Times, U.S. officials concluded that Huang was a Chinese intelligence asset funneling information to Beijing and possibly steering advanced Nvidia artificial intelligence chips to China.
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