Nvidia shares fall amid spying allegations

Though US President Donald Trump lent the Nvidia boss his backing, the widening scandal intensified worries over Nvidia’s leadership. Nvidia shares fell after its board began investigating longtime CEO Jensen Huang over whether his extramarital affair exposed the giant chipmaker to a foreign espionage operation. Though US President Donald Trump lent the Nvidia boss his backing, the widening scandal — multiple outlets have reported Washington’s concern that the woman in question had ties to Chinese intelligence — intensified worries over Nvidia’s leadership: Huang has been CEO since its founding in 1993, the firm has no clear successor, and he has elevated his children to senior roles. For now, one analyst noted, Huang staying on had helped stanch declines in Nvidia stock: “If we genuinely thought he was going to step down,” he told Reuters, “ it would be an absolute bloodbath.”