Nvidia shares tumble as company investigates CEO Jensen Huang

NVIDIA says it is opening an investigation into its CEO, Jensen Huang. He admitted to having an affair with a woman suspected of being a Chinese spy. Huang is now facing questions about whether he's become caught up in a foreign intelligence honey trap. NVIDIA's computer chips are in large part fueling the global AI race, and there are major concerns the illicit relationship may have helped steer NVIDIA's chips to China. The New York Times reporters Anna Swanson and her team reported more than a year ago about the relationship between Alice Wong. She and the team reported about the use of Megaspeed's cloud data by Chinese companies. So this has been on the U.S. government radar for a long time. This has been on NVIDIA's radar for a long time. But clearly, Jensen Huang exerts a lot of power over... NVIDIA, and he did not want this investigation. The NVIDIA board only in the last few days, last few hours, relented to bring about this investigation. We also now have congressional investigations, congressional Republicans. summoned Mr. Huang to Capitol Hill to testify about his relationship and the potential leak of information through Alice Wong. Their stocks are plummeting today. They dropped about 5% in pre-trading before the markets opened. At last check, they've dropped another 6% or so with trading open today, and it is only expected to drop even further. By some estimates from some Some analysts, they stand to lose hundreds Hundreds of billion dollars in value as their stocks continue to drop out of this scandal. The importance of NVIDIA to the U.S. stock market is part of the reason that Donald Trump has been relatively unconcerned about these allegations. Until now, he has a close relationship with Jensen Huang. But it's important to remember that despite the stock slide, Jensen Wong remains very, very important to NVIDIA. We will see how these investigations, both the internal one and the congressional one, go. But we certainly cannot expect Jensen Huang necessarily to be ousted from this. There's a long way to go on this story.