Trump Defends Nvidia Ceo after ‘Chinese Spy’ Affair - as Beijing Reacts

Shares in US tech giant Nvidia plunged amid fears the company may have become embroiled in a Chinese espionage scandal, wiping hundreds of billions of dollars off its market value before a partial recovery.

The chipmaker, a major force in the global AI industry, came under scrutiny after its chief executive Jensen Huang admitted to an affair with a foreign executive. Reports suggested the woman may have been gathering intelligence for Beijing, although China has dismissed the allegations as a smear.

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