Trump Confirms FBI Probe into Nvidia CEO Amid China Spy Allegations

Key Facts

1US President Donald Trump stated that the FBI is investigating Nvidia CEO Jensen Huang's relationship with a Chinese businesswoman alleged to be a spy.

2Nvidia shares closed down more than 4% after the company's board launched an internal investigation into the matter.

US President Donald Trump stated that the FBI is investigating Nvidia CEO Jensen Huang's relationship with a Chinese businesswoman alleged to be a spy for Beijing. Reuters reported that Trump expressed amazement at the allegations involving Huang, who is considered a close ally of the president in Silicon Valley. According to the Hindustan Times, Nvidia shares fell more than 4% after the company's board launched an internal investigation into the matter, though the board maintained its confidence in Huang.

Nvidia closed at $178.67 on November 9, 2026, after reaching a session low of $170.24. In the broader semiconductor sector, TSM closed at $388.62 on November 9, 2026, while AMD closed at $449.04 and INTC closed at $56.28 on November 6, 2026. These developments follow statements from the Chinese Foreign Ministry describing the espionage narrative as groundless slander.

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