Nvidia sinks as FBI probes Jensen Huang spy-linked affair
What's new: Nvidia lost about $250 billion in market value, and the company opened its own review as Beijing denied the allegations.
Nvidia shares slid more than 4% Monday, wiping out roughly $250 billion in market value, after President Donald Trump said the FBI was looking into CEO Jensen Huang's relationship with a woman U.S. intelligence believes worked for Beijing. Nvidia said it had started an independent investigation into reports that Huang was targeted in a foreign intelligence effort and added it had no reason to think company secrets or national security had been compromised. The woman, identified in reports as Alice Huang, was linked to Singapore-based Megaspeed, a company that had dealings with Nvidia. China rejected the allegations as a smear. The episode has intensified scrutiny of Nvidia's role in the U.S.-China AI and chip rivalry, where its exports are already treated as a national security issue in Washington.