Nvidia Stock Price May Drop as Investigation Examines CEO Jensen Huang

Board reviews reported relationship

Huang acknowledged having an affair and apologized, saying his actions hurt the woman and his children. “There is no excuse for what I did,” he said. Nvidia said its board would examine all available information. It said it had no reason to believe U.S. national security or company secrets were compromised, and expressed confidence in Huang and his leadership team. Huang supports the review and has agreed to cooperate.

Reports identify Alice Huang

According to the Times report, U.S. officials consider Alice Huang a Chinese spy who provides information to Beijing. The report cited sources briefed on surveillance of her, as well as officials and industry experts.

Shares slip after hours

Nvidia, whose chips have helped make it one of the stock market’s most prominent companies, has a market capitalization of roughly $4.5 trillion. Its shares traded near $240 early last month.

Officials avoid discussing briefings

President Donald Trump said Sunday he had not discussed the allegations with Huang, but called him a fine person and praised his work. Nvidia spokesperson John Rizzo told the Times that the news would not slow the company and that Huang intended to continue as CEO without interruption.

Secretary of State Marco Rubio declined to say whether Huang had been excluded from U.S. briefings, citing the nature of the matter. Trump has strongly backed artificial intelligence and said the United States should maintain its lead over China in the technology.