Nvidia shares tumble as Huang controversy intensifies, Trump confirms FBI probe

Nvidia shares fell nearly 5% on Monday after the company announced a probe into CEO Jensen Huang’s reported ties with a business executive suspected of spying for China, according to US intelligence. The fall came even as the wider market traded higher, with both the S&P 500 and the tech-heavy Nasdaq Composite gaining around 2% in midmorning trade.

US President Donald Trump said on Monday that the FBI was investigating Nvidia CEO Jensen Huang over reports that he had a relationship with a Chinese businesswoman suspected of being a spy for Beijing.