Trump Says FBI Probes Nvidia CEO's Ties to Alleged Chinese Spy as Stock Loses $250 Billion
Updated
Updated · BBC.com · Nov 10
Trump Says FBI Probes Nvidia CEO's Ties to Alleged Chinese Spy as Stock Loses $250 Billion
3 articles · Updated · BBC.com · Nov 10
Summary
Trump said the FBI is investigating Jensen Huang's relationship with Alice Huang, an alleged Chinese spy, after speaking with the Nvidia CEO on Monday and saying Huang told him he "had no idea" she was a spy.
Nvidia has launched its own independent investigation and said it has no reason to believe company secrets or national security were compromised; the FBI declined to comment and Beijing called the allegations groundless.
More than 4% was wiped from Nvidia shares on Monday, erasing about $250 billion in market value, as the episode hit a company central to AI chips and already under US scrutiny over China exports.
A proposed shareholder class action filed in California accuses Huang and Nvidia of concealing the relationship, while congressional committee chairmen have asked him to appear next week for a closed-door briefing on security protocols and his contacts.