Nvidia stock falls 5% as scrutiny turns to Jensen Huang’s relationship with alleged Chinese spy

Nvidia shares fell 5% after reports that CEO Jensen Huang was the target of a foreign intelligence effort tied to an alleged Chinese spy, prompting the board to launch an independent investigation. The company disclosed the probe in response to the reports, which center on Huang’s relationship with the individual in question. The decline reflects investor sensitivity to any governance or geopolitical risk around the AI chipmaker, whose valuation hinges on its China exposure and leadership credibility. Details of the alleged intelligence effort and the nature of Huang’s relationship with the individual have not been fully established publicly. Investors will watch the board investigation’s scope and findings, along with any disclosure of how the matter affects Nvidia’s China business and management responsibilities.