Nvidia shares are lower on Monday after the company announced an internal investigation into CEO Jensen Huang’s relationship with an alleged Chinese spy.
Shares of the chipmaker fell more than 4% in Monday morning trade.
The internal probe followed a media report that Huang had a close relationship with a Chinese businesswoman who allegedly passed information to Beijing.
NVIDIA CEO JENSEN HUANG APOLOGIZES AS FIRM PROBES AFFAIR WITH ALLEGED SPY
“While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board’s inquiry will examine all available information,” Nvidia’s board said in a statement on Sunday.
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Huang, in a separate statement on Sunday, apologized for being unfaithful to his wife. He did not elaborate on the relationship.
“My actions hurt her and our children,” he said. “There is no excuse for what I did. I am deeply sorry.”
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Reuters contributed to this report.
