Nvidia shares fell about 5% in premarket trading Monday following reports of an investigation into CEO Jensen Huang’s relationship with a businesswoman alleged to be a Chinese spy. The New York Times and the Financial Times reported that U.S. intelligence agencies believe Alice Huang, an executive at Megaspeed, has been passing information to Beijing. Nvidia’s board has launched an independent investigation, and the company said Huang fully supports the review and will cooperate. Huang admitted in an email to colleagues that he had fallen short of his responsibilities and been unfaithful to his wife, while China’s Foreign Ministry said the alleged spy narrative was unsubstantiated.
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