Nvidia shares fall as probe into CEO Jensen Huang’s ties to alleged Chinese spy raises questions

Nvidia shares fell in out-of-hours trading on Monday after an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort put his future at the AI chipmaker under scrutiny. The internal probe followed a media report that Huang had a close relationship with a Chinese businesswoman who allegedly passed information to Beijing. Huang told Nvidia’s employees that he had been unfaithful to his wife, without disclosing details of the relationship.

The investigation, announced on Sunday, has put a spotlight on Huang’s future given Nvidia’s status as the world’s most valuable chipmaker and the CEO’s role as the most prolific salesman of the AI boom. Perpetual futures trading on the Hyperliquid exchange and after-hours shares trading on the Blue Ocean system showed Nvidia prices around $180.30 a share, down about 3.4% from Friday’s Nasdaq closing price of $186.64. “If we genuinely thought he was going to step down ...

the stock would be down — it would be an absolute bloodbath, to be honest,” he said.