Nvidia stock drops 4% as board probes Jensen Huang affair
Why it matters: Nvidia said Huang will stay on during the probe, even as lawmakers seek briefings and weigh tighter AI chip rules.
Nvidia shares fell more than 4% Monday after CEO Jensen Huang told staff he had an affair with a woman US agencies identified as a Chinese spy, prompting the board to open an investigation. The company said it still has confidence in Huang and has no reason to believe national security or Nvidia secrets were compromised. The episode has sharpened concerns about succession at the AI chip giant, where Huang is co-founder, chief executive and president, with no obvious second-in-command. Nvidia’s technology has been central to the generative AI boom, and Huang has played a prominent role in US AI policy debates. China called the spying allegation a smear.