Trump Says FBI Is Investigating Nvidia CEO's Alleged Affair With Suspected Chinese Spy

At a glance

U.S. President Donald Trump said the FBI is investigating a relationship between Nvidia CEO Jensen Huang and a woman suspected of being a Chinese spy. Trump said Huang told him he did not know the woman was a spy. China's government rejected the claims as baseless smears.

Key points

1. 1

   Nvidia has hired an independent internal investigation and believes no company secrets or national security information were leaked.

2. 2

   Nvidia's stock fell more than 4% in one day after the matter emerged, wiping out about $250 billion in market value.

3. 3

   Shareholders filed a class action lawsuit, saying the company hid the relationship between the two people.

4. 4

   The New York Times reported that the woman is believed to be an intelligence official working for the Chinese government.

Why it matters

Nvidia's AI chips are central to the AI competition between the United States and China and to export controls, so the executive issue is becoming a national security question.

Also reported by

• The GuardianTrump backs embattled Hegseth and Jensen Huang and says FBI looking into spy allegations – video