Nvidia Shares rose slightly premarket Tuesday as investors continued to weigh the potential fallout from CEO Jensen Huang’s affair with an alleged Chinese spy.
Nvidia shares closed down more than 4% on Monday, a day after Huang told staff in an email that he had been “unfaithful” to his wife and had “failed to fulfill” his responsibilities as CEO.
He allegedly had an affair with Alice Huang, an executive at Megaspeed, an Nvidia client. On October 29, the New York Times reported that U.S. officials had concluded that she was “a Chinese intelligence asset, funneling information to Beijing” and “possibly directing advanced Nvidia AI chips to China.”
US President Donald Trump said on Monday that the FBI was investigating.
“I’ve been reading a little bit about this for a while, but it wasn’t that long ago,” Trump told reporters at the White House. “We’ll look into it. I know the FBI is looking into it for something else, and I think they’ll be in good shape.”
The stock was trading up 1.8% as of 4:40 a.m. ET.
Nvidia shares over the last five days.
— CNBC’s Dan Mangan contributed to this report.
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