President Trump confirmed the FBI is investigating Nvidia CEO Jensen Huang following reports of an affair with a woman alleged to be a Chinese spy.

President Donald Trump confirmed on Monday that the FBI is investigating Nvidia CEO Jensen Huang after the company launched an internal probe into his extramarital affair with a woman identified as Alice Huang. U.S. intelligence officials allege that Alice Huang, a managing director at the Singaporean firm Megaspeed, is a Chinese spy. Jensen Huang has stated he was unaware of the woman's alleged espionage activities.

Federal Investigations and Allegations

The Justice Department's National Security Division, the FBI, and the Commerce Department's Bureau of Industry and Security are investigating allegations that Megaspeed facilitated the smuggling of Nvidia artificial intelligence chips into China in violation of U.S. export controls. The probe is also examining whether China recruited Alice Huang to assist in these efforts. Nvidia has stated it has no reason to believe the company's secrets or national security were compromised.

Presidential Response and Market Impact

President Trump stated he spoke with Jensen Huang on Monday to check on his well-being, noting that he believes the CEO had no knowledge of the woman's alleged ties to Chinese intelligence. Trump expressed support for Huang, stating he hopes the executive remains in his position. Following the reports, Nvidia's share price fell approximately 4% on Monday, resulting in a market value decline of about $250 billion. Beijing's foreign ministry has rejected the allegations as groundless and speculative.