Nvidia Shares rose modestly in pre-market trading on Tuesday as investors continued to weigh the possible fallout from CEO Jensen Huang’s affair with a suspected Chinese spy.
Nvidia shares closed down more than 4% on Monday, a day after Huang told staff in an email that he had been “unfaithful” to his wife and was “failing” to fulfill his responsibilities as CEO.
He reportedly had an affair with Alice Huang, an executive at Megaspeed, an Nvidia customer. On October 29, the New York Times reported that U.S. authorities had concluded that she was a “Chinese intelligence operative, feeding information to Beijing” and “may be directing advanced Nvidia AI chips to China.”
US President Donald Trump said on Monday that the FBI was investigating.
“I’ve been reading about this for a little while, and it wasn’t that long ago,” Trump told reporters at the White House. “We’ll look into it. I know the FBI is looking at it from a different perspective, and I think he’s in good condition.”
As of 4:40 a.m. ET, the stock was trading 1.8% higher.
Nvidia stock price over the past 5 days.
—CNBC’s Dan Mangan contributed to this report.
