Trump Confirms FBI Probe Involving Nvidia CEO and Chinese Spy Allegations
Key Facts
President Trump stated that the FBI is investigating a matter involving Nvidia CEO Jensen Huang and a woman suspected of being a Chinese spy. According to ZeroHedge, Trump confirmed he spoke with Huang on Monday and expressed his belief that the CEO had no knowledge of the woman's identity. The criminal investigation reportedly focuses on Singapore-based Megaspeed for suspected smuggling of Nvidia chips into China to bypass US export controls.
NVDA closed at $178.67 on November 9, 2026, after trading between a day low of $170.24 and a high of $179.92. On the same date, peer stocks AMD and INTC closed at $508.58 and $59.37 respectively, while TSM closed at $388.62. The probe highlights growing concerns over "Singapore washing," where firms are used to circumvent US restrictions and provide China with advanced AI technology.