Nvidia stock sinks 5% as chipmaker investigates CEO Jensen Huang's relationship with alleged Chinese spy

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Nvidia (NVDA) stock fell more than 5% before the bell on Monday after the chipmaker's board announced it would investigate the relationship between CEO Jensen Huang and a woman whom the intelligence community believes could be a Chinese Spy. In a Sunday memo to employees, Nvidia CEO Jensen Huang admitted to an extramarital affair, apologizing to his family and staff while pledging full cooperation with an independent board review. Wall Street analysts quickly flagged the heightened 'key-person risk' for the world's leading AI chipmaker. "Jensen is the core DNA of Nvidia, and its AI success and ambitions are heavily tied to him staying on as CEO. Jensen is not replaceable," Yorkville Ives's Dan Ives wrote on Monday morning.