Nvidia stock drops 3%, extending decline on report alleged Chinese spy linked to Nvidia CEO aided $7.5 billion in China chip shipments

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Nvidia (NVDA) stock extended its decline Tuesday, falling more than 3% after dropping 4% in the prior session. The stock came under pressure amid a broader market sell-off and growing concerns about increased scrutiny of the chipmaker following CEO Jensen Huang's admission to an affair believed to involve a woman suspected of being a Chinese spy. The scrutiny could center on Megaspeed, the Singapore-based company where Alice Huang previously worked, and on whether she helped divert restricted Nvidia chips to China. The Information reported Tuesday that at least $7.5 billion worth of Nvidia hardware had been shipped to Chinese companies through a network linked to Alice Huang since 2023, citing two people familiar with the matter.