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Nvidia shares slip on spy allegations involving Jensen Huang
Nvidia shares fell about 3.4% in after-hours trading on November 9 after the company said it was investigating whether foreign intelligence had targeted CEO Jensen Huang.
US authorities concluded that a woman Huang had a relationship with was a Chinese intelligence asset.
Huang told employees he had been unfaithful to his wife.
President Donald Trump called Huang “a fine person” and said he had not discussed the allegations with the Nvidia CEO.
Madison Huang, Jensen Huang’s daughter and an Nvidia executive, canceled a planned visit to Seoul.
South Korean media said Nvidia AI Day Seoul would proceed, and South Korea’s deputy science minister said contracted graphics processing unit deliveries should not be disrupted.
Nvidia also announced work with South Korea’s government and industry to build AI infrastructure and with SK Telecom to power services.
🔗 Source: Reuters
