Trump, Musk back Nvidia CEO amid spy scandal

Nvidia CEO Jensen Huang faces an internal probe concerning a romantic liaison with an alleged Chinese operative, sparking widespread attention. Prominent figures including Donald Trump and Elon Musk have publicly voiced their backing for the embattled technology magnate.

Donald Trump reaffirmed his support for Huang, asserting the CEO's unawareness regarding his partner's alleged espionage activities. Trump also confirmed an FBI investigation is underway, though he offered scant details on the ongoing federal inquiry.

Huang acknowledged an affair with a businesswoman suspected by US intelligence of spying for the Chinese government. This individual reportedly encouraged Huang to lobby for eased export controls on Nvidia’s sensitive chip technologies to China.

The unfolding scandal carries significant ramifications for Nvidia and the broader technology industry, already navigating market volatility. Industry leaders like Musk have passionately defended Huang, deeming his leadership indispensable for America’s AI advancement.

Nvidia’s stock price consequently tumbled as speculation mounted regarding the controversy's potential impact on the company. Meanwhile, China vehemently denied the allegations of an intelligence operation, dismissing them as baseless vilification and smearing.