FBI probes Nvidia boss over alleged spy affair as shares tumble

President Donald Trump confirmed that the FBI is investigating allegations involving Nvidia chief executive Jensen Huang and a woman reportedly identified by US intelligence officials as a Chinese intelligence asset. Nvidia shares fell sharply despite a broad rally in US technology stocks, as investors considered the possible implications for the company and its leader.

Huang has admitted to being unfaithful to his wife and apologised to his family and employees, but Trump said Huang denied knowing the woman was allegedly linked to Chinese intelligence. Nvidia’s board has opened an independent inquiry and says it has no reason to believe national security or confidential information was compromised. The shares closed 4.3 per cent lower after falling nearly 9 per cent earlier; lawmakers have also requested a closed-door briefing with Huang.