{"id":5579,"date":"2026-11-09T18:34:22","date_gmt":"2026-11-09T18:34:22","guid":{"rendered":"https:\/\/260web.com\/news\/nvidia-shares-tumble-over-investigation-into-huangs-affair-with-alleged-chinese-spy\/"},"modified":"2026-11-09T18:34:22","modified_gmt":"2026-11-09T18:34:22","slug":"nvidia-shares-tumble-over-investigation-into-huangs-affair-with-alleged-chinese-spy","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/nvidia-shares-tumble-over-investigation-into-huangs-affair-with-alleged-chinese-spy\/","title":{"rendered":"Nvidia shares tumble over investigation into Huang&#8217;s affair with alleged Chinese spy"},"content":{"rendered":"<p>Nvidia shares tumble over investigation into Huang&#8217;s affair with alleged Chinese spy<\/p>\n<div data-block=\"headline\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\"><\/div>\n<\/div>\n<div data-block=\"image\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"image\" class=\"ssrcss-1uy5kw5-FullWidthWrapper ep2nwvo1\">\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1pflr6j-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg.webp 976w\" type=\"image\/webp\"><img loading=\"lazy\" decoding=\"async\" alt=\"Nvidia boss Jensen Huang wearing glasses and a black leather jacket. \" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2026\/11\/5jZrhH.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/a62f\/live\/dd176da0-dc5f-11f1-8fe6-5becaee5408f.jpg 976w\" width=\"1024\" height=\"576\" class=\"ssrcss-egie1y-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tzgxt7-StyledFigureCopyright e34k3c20\">Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"byline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"single-byline\" class=\"ssrcss-sevsa1-ContributorContainer ee66fvo3\">\n<div class=\"ssrcss-dt4z-ContributorInfo ee66fvo0\"><span class=\"ssrcss-nsjd43-TextContributorName epw3ir01\">Archie Mitchell<\/span><\/p>\n<div class=\"ssrcss-dqo7s5-ContributorDetails ee66fvo2\"><span class=\"ssrcss-1m5444d-Text ee66fvo4\">Business reporter<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"metadata\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"metadata\">\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2026-11-09T18:08:36.262Z\">9 November 2026, 18:08 GMT<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<div class=\"ssrcss-1ey53kj-MetadataSnippetWrapper exhp0uq0\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2026-11-09T18:11:11.731Z\">Updated 11 minutes ago<\/time><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b>Hundreds of billions of dollars have been wiped off the value of Nvidia after the US chipmaker <\/b><b>announced an independent investigation<\/b><b> would be carried out into its chief executive&#8217;s affair with an alleged Chinese spy.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The tech firm saw its shares fall by about 6% on Monday after Jensen Huang admitted having an extramarital affair.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nvidia&#8217;s probe came after reports that the US believed the Nvidia boss had been targeted in an espionage campaign by China.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, China has rejected the claims, with its foreign ministry saying &#8220;allegations about Chinese spies were &#8220;entirely groundless, speculative and intended to smear and malign China&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nvidia said it had no reason to believe the company&#8217;s secrets or national security were compromised, but a statement by Nvidia&#8217;s board of directors said it would begin an investigation in &#8220;light of recent reporting that founder and chief executive Jensen Huang has been the target of a foreign intelligence effort&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">US intelligence officials believe Alice Huang, also known as Huang Le, was a spy for Beijing, according to a New York Times report. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The report said Secretary of State Marco Rubio sent a memo to top officials in Washington last spring warning that the Nvidia boss was in a close relationship with a Chinese spy.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Alice Huang was managing director of Singaporean company Megaspeed, which has had dealings with Nvidia.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Huang admitted he was &#8220;unfaithful&#8221; to his wife and apologised for hurting her and their children. He added he was &#8220;committed to protecting Nvidia and supporting America&#8217;s national security&#8221; and would cooperate with the investigation.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">After the investigation was announced, other big tech bosses, including Elon Musk, came out in support of Huang to continue leading the firm.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">US President Donald Trump said the Nvidia boss was an &#8220;honourable guy&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, the news sparked a sell-off in Nvidia&#8217;s shares, with about $250bn (\u00a3190bn) wiped of the company&#8217;s market value.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"flourish\" class=\"ssrcss-l7emlr-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div class=\"ssrcss-147e9zi-FlourishWrapper eockrme0\">\n<div id=\"30852068\">\n<div data-component=\"include-html\"><iframe loading=\"lazy\" src=\"https:\/\/flo.uri.sh\/visualisation\/30852068\/embed?auto=1\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"700\" style=\"width:100%;\" title=\"Interactive or visual content\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">While Nvidia shares fell, the US stock market opened on a positive note on Monday after last week&#8217;s turmoil, with Nvidia&#8217;s rival chipmakers benefiting.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But analysts suggested the hit to the company would be short-lived. Victoria Fernandez, chief market strategist at Crossmark Global Investments said investors would not abandon Nvidia, because the chipmaker was so central to the AI industry.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Nvidia is the core of this AI trade, and without them, all these other pieces start to fall apart because the financing&#8217;s not there,&#8221; she told the BBC.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Huang co-founded Nvidia, which is central to making the hardware for emerging AI technologies, with two other engineers in 1993. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Its chips were initially designed for gaming, but Huang decided to turn its focus on AI development, turning it into the world&#8217;s second most valuable company.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"subheadline\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-usmnse-Spacer e1aon0op0\">\n<div data-testid=\"subheadline\">\n<h2 id=\"Huangs-position-vulnerabl-unlike-other-tech-bosses\" tabindex=\"-1\" class=\"ssrcss-1sc9t00-Heading e10rt3ze0\"><span role=\"text\">Huang&#8217;s position vulnerabl unlike other tech bosses<\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A key concern for investors going forward is what would happen to Nvidia if Huang was removed from the company, as Fernandez said there was &#8220;no natural successor&#8221; to the chief executive.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Huang, unlike other founders in the tech industry, is vulnerable to any move by Nvidia&#8217;s board of directors to oust him. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He owns only around 3.5% of the company, and Nvidia operates on a single class voting structure, meaning his stake would not be enough to act as a veto power over any board decision. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">By contrast, many tech founders who lead their companies, including Mark Zuckerberg of Meta and Musk of Tesla and SpaceX, hold significant percentages of multiple types of stock in their companies.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Fernandez said she does not believe the board will remove Huang as chief executive, unless there is glaring evidence of wrongdoing related to national security or intellectual property, &#8220;but I bet they start bringing someone up as his number two, to have there for the future.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The modest fall in its shares mean investors believe it is unlikely he will step down or be removed as chief executive, but that the outcome of the investigation will be closely watched.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Even people who do not directly own shares in Nvidia can be affected by rises and falls in its value. Pensions or savings invested in pots which have stakes in the company through index tracking funds can be impacted, for example.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"links\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div spacing=\"4\" class=\"ssrcss-1gccci3-Stack e1y4nx260\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-94r6ik-Stack e1y4nx260\">\n<li class=\"ssrcss-qzx51b-LinkItem e3eyuya1\">\n<div spacing=\"4\" class=\"ssrcss-1gccci3-Stack e1y4nx260\"><span><\/p>\n<p class=\"ssrcss-7zrqh4-LinkHeadline e3eyuya4\"><span aria-hidden=\"false\">What we know so far about Jensen Huang&#8217;s affair with suspected Chinese spy<\/span><\/p>\n<p><\/span><\/p>\n<div class=\"ssrcss-1ulytiq-LinkIconContainer e3eyuya3\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M21.6 14.3 5.5 31h6.4l14.6-15L11.9 1H5.5l16.1 16.7z\" \/><\/svg><\/div>\n<div>\n<ul role=\"list\" class=\"ssrcss-9tw7r1-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-10q9h22-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-sf7vdp-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-61mhsj-MetadataText e4wm5bw1\">2 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"text\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-126h8e-Spacer e1aon0op0\">\n<div data-testid=\"rich-text\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Nvidia chips have been a major focus of the AI race between the US and China and the White House has previously imposed controls on where its advanced products can be sold.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The H200, Nvidia&#8217;s second most advanced semiconductor, had previously been restricted by Washington over concerns that it would give China&#8217;s technology industry an edge over the US.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But Huang has been against restricting the sale of Nvidia&#8217;s chips to China, arguing that it would be better for the global rollout of AI to be powered by US technology.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In January, the Trump administration said it would allow the company to sell its H200 chips to Chinese customers under certain conditions.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><i>Additional reporter by Samira Hussain, North America business correspondent.<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div data-block=\"topicList\" class=\"ssrcss-vxwoax-ComponentWrapper e1aon0op1\">\n<div class=\"ssrcss-tcr9z1-Spacer e1aon0op0\">\n<div data-testid=\"topic-list\">\n<div class=\"ssrcss-nj9heb-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-1pfbb52-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-89o2pv-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-w8zanw-ClusterItems e1ihwmse0\">\n<li>Artificial intelligence<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Mon, 09 Nov 2026 18:11:11 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia shares tumble over investigation into Huang&#8217;s affair with alleged Chinese spy Getty Images Archie Mitchell Business reporter 9 November 2026, 18:08 GMT Updated 11 minutes ago Hundreds of billions of dollars have been wiped off the value of Nvidia after the US chipmaker announced an independent investigation would be carried out into its chief&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/nvidia-shares-tumble-over-investigation-into-huangs-affair-with-alleged-chinese-spy\/\">Continue reading <span class=\"screen-reader-text\">Nvidia shares tumble over investigation into Huang&#8217;s affair with alleged Chinese spy<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":5580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/5579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=5579"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/5579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/5580"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=5579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=5579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=5579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}