Nvidia Shares Slide 5% Amid CEO Probe Over Foreign Intelligence Allegations

Nvidia (NVDA) shares fell 5% today, extending recent losses, as the company confirmed an internal investigation into CEO Jensen Huang. The probe follows media reports alleging Huang's ties to a Chinese businesswoman who may have passed information to Beijing [1]. Huang reportedly addressed employees, admitting infidelity but not detailing the relationship [1].

The investigation raises questions about the future of the 63-year-old CEO, who holds a 3.6% stake and maintains a tight grip on the world's most valuable chipmaker. The board has expressed confidence in Huang, but succession uncertainty remains [1]. The news also led to the cancellation of his daughter's planned visit to Seoul for an Nvidia conference [1].