Nvidia shares edged higher in premarket trading Tuesday as investors continued to weigh the potential fallout from CEO Jensen Huang‘s affair with an alleged Chinese spy.
Nvidia shares closed more than 4% lower on Monday, the day after Huang told staff in an email that he had been “unfaithful” to his wife and had “fallen short” of his responsibilities as CEO.
He reportedly had an affair with Alice Huang, an executive at Megaspeed, an Nvidia customer. The New York Times on Oct. 29 reported that U.S. officials had concluded she was “a Chinese intelligence asset, funneling information to Beijing” and “possibly steering advanced Nvidia A.I. chips to China.”
U.S. President Donald Trump said Monday that the FBI is investigating.
“I’ve been reading a little bit about it over a period of time, but not too long ago,” Trump told reporters at the White House. “We’ll look into it. I know the FBI is looking into it in terms of something else, and I think that he’ll be in good shape.”
The stock was trading 1.8% higher as of 4:40 a.m. ET.
Nvidia shares over the past five days.
— CNBC’s Dan Mangan helped contribute to this report.
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