Nvidia has appointed former Southern District of New York acting U.S. attorney Joon Kim to head an internal probe into whether CEO Jensen Huang’s admission of an affair with a woman alleged to be a Chinese spy compromised trade secrets or national security. The board set up an independent committee to oversee the work. Nvidia said it has confidence in Huang and sees no evidence of compromised secrets. Shares fell about 10% after Huang’s admission, wiping roughly $500 billion off Nvidia’s market value.
Why it matters
The probe could affect Nvidia’s role as a key supplier of AI chips and its financing deals across the global tech sector.
