Nvidia stock edges higher as pressure mounts following alleged China spy links
What happened
Nvidia's board has opened an independent investigation into CEO Jensen Huang's affair with an executive US officials reportedly believe is a Chinese intelligence asset.
The woman, Alice Huang, works at Megaspeed, a Singapore-based Nvidia customer that reportedly bought $4.8 billion in the company's chips over two years, according to TechCrunch.
Nvidia shares closed 5.47% lower on Tuesday after dipping briefly below $4 trillion in market value, according to CNBC.
Shareholders have filed a class-action suit in federal court in San Jose, alleging false or misleading statements about the affair and the Megaspeed relationship.
Dan Ives of Yorkville Ives & Co. said investors see roughly a 15% chance Huang is removed as CEO, with the board review expected to take four to six weeks.
“I love our country and our company. I am committed to protecting Nvidia and supporting America's national security.”
Guardian
Summary written by AI from 3 independent sources (Guardian, CNBC, TechCrunch) and checked automatically against them for copied text and numbers that are not in the sources. How we work
Open on the live globe →Who reported it
- 2026-11-09 20:27 UTCGuardian · theguardian.com ↗
- 2026-11-10 00:10 UTCCBC · cbc.ca ↗
- 2026-11-10 09:29 UTCCNBC · cnbc.com ↗
- 2026-11-10 14:53 UTCArs Technica · arstechnica.com ↗
- 2026-11-10 15:00 UTCSCMP · scmp.com ↗
- 2026-11-10 17:04 UTCTechCrunch · techcrunch.com ↗
- 2026-11-10 23:42 UTCEngadget · engadget.com ↗
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