Nvidia stock fell 5% on Monday after the tech giant launched an investigation into CEO Jensen Huang’s relationship with a businesswoman who intelligence agencies say is a Chinese spy.
U.S. intelligence agencies said Alice Huang, an executive at cloud company MegaSpeed, has been passing information to Beijing, according to reports in The New York Times and The Financial Times.
Nvidia said its board has launched an independent investigation following the reports that Huang was the target of a “foreign intelligence effort.”
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Source: CNBC News
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