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Megaspeed, Firm Central to Nvidia CEO Jensen Huang's Scandal, Pledges to Cooperate with US Probe
Megaspeed said it has hired a U.S. law firm and cooperated with inspections as investigators examine possible illegal Nvidia chip transfers.
- On November 9, Nvidia's board launched an independent investigation into CEO Jensen Huang after he acknowledged an affair with a woman identified in reports as a suspected Chinese spy, sending shares down roughly 4–6% in premarket trading.
- Intelligence officials concluded that Huang's partner, Alice Huang, an executive at Singapore-based Megaspeed, funneled information to Beijing; Nvidia stated there was no evidence company secrets or national security were compromised.
- Investors remain divided, with some treating the scandal as an isolated 'one-off' incident while others fear systemic risk, as shares faced volatility amid bargain hunting and lingering tech sector concerns.
- Technology analyst Dan Ives of Yorkville Ives warned the investigation could "create an overhang on the stock" and increase scrutiny regarding chip sales to China, adding pressure as lawmakers consider tighter AI regulations.
- Upcoming earnings reports from CoreWeave, Cisco Systems, and Applied Materials this week serve as a litmus test for the broader AI trade, revealing whether capital expenditure is cooling amid leadership uncertainty.
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New York, Nov 12 (EFE).- The actions of technology Nvidia fell by 7.45% in the first bars of Wall Street this Thursday, after the company announced the immediate departure of its co-founder, Jensen Huang, as president, CEO and member of the board of directors. Instead, Nvidia appointed deputy advisor [...] The entry Nvidia falls by 7.45% in stock after the resignation of its co-founder, Jensen Huang was first published in HolaNews.
Nvidia boss Jensen Huang resigned after his private life had hit the headlines. In addition to wife Lori, Kimberly Powell and Alice Huang also come to the spotlight.
·Kassel, Germany
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Total News Sources220
Leaning Left28Leaning Right24Center48Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
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