- Nvidia co-founder and CEO Jensen Huang is facing intense scrutiny after admitting to an affair with an executive at a company accused of illegally diverting banned AI chips to China.
- Shares of Nvidia tumbled 8% at the opening bell Monday morning, after hitting an all-time high last month.
- Under Huang's leadership, Nvidia pioneered GPUs and pivoted to artificial intelligence chips, eventually becoming the first publicly traded company to hit a $4 trillion market capitalization.
- US President Donald Trump defended Huang following the disclosure, describing him as an honorable guy who probably has an excuse.
- Nvidia's board of directors has launched an independent investigation into potential national security concerns regarding Huang's relationship.
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