Nvidia CEO Jensen Huang faces congressional scrutiny over reported Megaspeed ties
· 3 sources
Reports say US officials believe Jensen Huang had a relationship with a Megaspeed executive suspected of spying for China. House Republicans want answers.
What happened
The Times of India, citing the Financial Times, reports that US officials believe Nvidia CEO Jensen Huang had a romantic relationship with Alice Huang, an executive at Megaspeed. The Financial Times cited people familiar with the matter.
According to the Times of India's account, American intelligence believes Alice Huang was recruited to spy for China. The report also refers to a US government memo that described the alleged relationship.
Axios reports that Congress will investigate, and Fox Business says House Republicans are demanding answers from the Nvidia chief executive over the reported ties. The sources describe the claims as reported or alleged.
Context
Nvidia is a major designer of chips used in artificial intelligence, and its business is closely watched in the context of US-China technology tensions.
Why it matters
Congressional scrutiny of the chief executive of a major chipmaker could draw attention to Nvidia's governance and its position in US-China technology relations.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$186.64+2.78% vs. previous close ($181.60) · November 6
Fair value (ATLAS)
$157.25Fair range: $115.15 to $214.75The price ($186.64) is 18.7% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $170.25 and $202.65; 9 in 10, between $145.88 and $236.49.
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