NVIDIA’s board launched an independent investigation after reports of possible ties between CEO Jensen Huang and a woman suspected by U.S. intelligence agencies of cooperating with Chinese intelligence. Huang acknowledged a romantic relationship with her, but the reported intelligence connection has not been established. NVIDIA said it had no reason to believe U.S. national security or its corporate secrets had been put at risk. Independent directors will oversee the review with external legal counsel.
NVIDIA shares fell to $176 in premarket trading. An analyst warned that a prolonged investigation could delay the company’s investment decisions and pose risks for suppliers.
