Nvidia stock falls 5% as scrutiny turns to Jensen Huang’s relationship with alleged Chinese spy

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Nvidia shares were down around 5% in premarket trading Monday after the tech giant was rocked by an investigation into CEO Jensen Huang's relationship with a businesswoman who intelligence agencies say is a Chinese spy. U.S. intelligence agencies said Alice Huang, an executive at cloud company Megaspeed, has been passing information to Beijing, according to reports in The New York Times and The Financial Times. Nvidia said its board has launched an independent investigation following the reports that Huang was the target of a "foreign intelligence effort." Huang "fully supports the review and has committed to cooperating with it," the company said in a Sunday statement .