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The Guardian reports Nvidia shares fell amid an independent company investigation involving chief executive Jensen Huang and allegations concerning a Chinese businesswoman.
Nvidia shares tumbled amid reports of an investigation involving chief executive Jensen Huang, according to The Guardian’s First Thing newsletter published Monday.
The Guardian reported that the company had placed Huang under an “independent investigation.” Its newsletter described reports that he had a close relationship with a Chinese businesswoman alleged to have passed information to Beijing. The excerpt provided no findings from the investigation or figures for the share-price decline.
New reporting cited by The Guardian says Nvidia appeared to have successfully pressed U.S. officials to halt a potential chip-smuggling investigation involving Megaspeed, adding a regulatory dimension to scrutiny of CEO Jensen Huang.
Trump says the FBI is investigating circumstances surrounding Jensen Huang’s relationship with an alleged Chinese agent. Nvidia has opened its own inquiry, while China denies the espionage allegations.
A 41-year-old U.S. soldier has been arrested near Gloucester, England, in an investigation involving espionage allegations and alleged Russian links, The Guardian reports.
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