Nvidia shares slide after hours as board probes whether CEO Huang was targeted by foreign intelligence

Nvidia shares fell more than 4% in after-hours trading on Monday after the company opened an internal investigation into whether chief executive Jensen Huang was targeted by a foreign intelligence effort. Perpetual futures trading and after-hours trading showed Nvidia at around $178.60 a share, down more than 4% from Friday's Nasdaq closing price of $186.64, putting Huang's future at the world's most valuable chipmaker under scrutiny, Reuters reported.

Probe follows New York Times report last month

The internal probe followed a media report last month by The New York Times that Huang had a close relationship with a Chinese businesswoman, Alice Huang, a former executive of Singapore-based company Megaspeed who is unrelated to him and whom US authorities investigated and concluded was a Chinese intelligence asset. Huang told Nvidia employees that he had been unfaithful to his wife, without disclosing details of the relationship. The board announced the investigation on Sunday; N-Globe reported the board probe and Huang's admission on November 8.

Daughter cancels Seoul trip; Seoul says supplies unaffected

The fallout also reached South Korea: Madison Huang, Huang's daughter and an Nvidia executive, cancelled a planned visit to Seoul for Nvidia AI Day, a two-day conference starting Monday that was expected to draw about 2,000 participants. She had been scheduled to visit South Korean AI chip startup Rebellions and hold a question-and-answer session with Kakao Mobility. The conference itself will proceed as planned. South Korea's deputy science minister said on Monday the government expected no disruptions to contracted deliveries of Nvidia graphics processing units.

Asian suppliers rebound; analysts warn probe could slow decisions

Shares in Nvidia's key Asian chip suppliers TSMC, Samsung Electronics and SK Hynix rebounded on Monday after last week's sell-off of AI-related stocks. Analysts said a prolonged investigation or internal review could delay Nvidia's investment decisions or product launches, with broader implications for the semiconductor industry. Huang is the most prolific salesman of the AI boom, and the outcome of the probe is being watched closely by the market.