# Nvidia shares fall as Huang faces spy affair probe

> Nvidia's chief executive admits an extramarital affair with an alleged Chinese spy, triggering an independent investigation and wiping $250bn off the company's market value.
- Title: Nvidia shares fall as Huang faces spy affair probe · BBC News
- Summary: Nvidia's chief executive admits an extramarital affair with an alleged Chinese spy, triggering an independent investigation and wiping $250bn off the…
- Keywords: nvidia, jensen huang, alice huang, chinese espionage, stock market, artificial intelligence, semiconductor industry, BBC News
- Source: BBC News — https://bbc.co.uk/news/articles/c6zxjx01vyleo
- Read time: 2 min
- Topics: nvidia, jensen huang, alice huang, chinese espionage, stock market, artificial intelligence, semiconductor industry, news, world
## Nvidia shares plunge after Huang admission
Nvidia's stock fell about six percent on Monday after chief executive Jensen Huang admitted having an extramarital affair. The company's market value dropped by about two hundred fifty billion dollars.
## Investigation into alleged Chinese spy affair
Nvidia's board announced an independent investigation after reports that the US believed Huang had been targeted in an espionage campaign by China. The board said it would investigate in light of recent reporting.
## Who is Alice Huang
US intelligence officials believe Alice Huang, also known as Huang Le, was a spy for Beijing. She was managing director of Singaporean company Megaspeed, which has had dealings with Nvidia.
## Huang apologises and pledges cooperation
Huang admitted he was unfaithful to his wife and apologised for hurting her and their children. He said he was committed to protecting Nvidia and supporting America's national security.

> committed to protecting Nvidia and supporting America's national security
## Tech leaders rally behind Huang
After the investigation was announced, other big tech bosses including Elon Musk came out in support of Huang continuing to lead the firm. US President Donald Trump called him an honourable guy.
## Huang's position more vulnerable than peers
Huang owns only around three point five percent of Nvidia and the company operates on a single class voting structure. Unlike founders like Mark Zuckerberg and Elon Musk, he lacks veto power over board decisions.
## Analysts expect market recovery
Victoria Fernandez, chief market strategist at Crossmark Global Investments, told the BBC that investors would not abandon Nvidia because the chipmaker was so central to the AI industry.

> Nvidia is the core of this AI trade, and without them, all these other pieces start to fall apart because the financing's not there
## China denies espionage allegations
China rejected the claims, with its foreign ministry saying allegations about Chinese spies were entirely groundless, speculative and intended to smear and malign China.Nvidia said it had no reason to believe company secrets were compromised.
## Key takeaway

Nvidia shares fell six percent after chief executive Jensen Huang admitted an affair with an alleged Chinese spy, prompting an independent board investigation into potential espionage.