Nvidia opens probe as Huang admits affair with alleged spy

Jensen Huang runs Nvidia, the company behind nearly every AI chip worth owning. On Sunday, Nvidia's board said it's opening an independent investigation into him. The trigger: reports Huang had an affair with a Chinese businesswoman U.S. intelligence says was spying on him for Beijing. Huang admitted the affair himself, in an email to Nvidia's board. He didn't name her.

The woman is identified in reporting as Alice Huang. U.S. intelligence alleges she was a Chinese spy who got close to Huang. A short seller, Culper Research, flagged the relationship six months before any of this became public. Nobody acted on it then. On Monday, Trump told reporters the FBI is investigating too. He said he still expects Huang will be "in good shape." Nvidia's stock dropped on the news anyway. Investors are now asking a different question: who runs Nvidia if Huang can't.

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Will the board's investigation find Huang actually passed along anything sensitive? Nobody has said that yet, including the people investigating him. Nvidia is deeply tied to U.S. export-control fights with China over its chips, so any real evidence would land hard. For now, this is a boss who admitted an affair. A company is investigating its own founder. And a government is deciding how seriously to treat it.