
Huida CEO admits to having affair with Chinese businesswoman, board investigates whether he was targeted by foreign intelligence operation
AI-generated summary
Huida's board of directors launched an independent investigation into Chief Executive Huang Jen-Hsun after he confessed to having an affair with a Chinese businesswoman. The investigation focused on whether Huang Jen-Hsun had been targeted by foreign intelligence operations.
[Instant News/Comprehensive Report] Jensen Huang, CEO of the American artificial intelligence (AI) chip giant NVIDIA, admitted that he had an affair with a Chinese businesswoman. As NVIDIA launched an investigation, NVIDIA's stock price continued to fall on the 9th. Technology stocks attracted bargain hunting after last week's sharp decline, and the major U.S. stock indexes closed higher on the 9th.
According to comprehensive media reports, Huida's board of directors launched an independent investigation involving CEO Huang Renxun to clarify whether Huang Renxun had been targeted by foreign intelligence operations. It fell nearly 9% during the session, and the closing decline converged to 4.27%, closing at $178.67. The board said it had no reason to believe that U.S. national security or company secrets had been compromised.
In terms of focus stocks, the five technology giants all closed higher. Meta rose 5.12%, Apple rose 2.43%, Alphabet rose 1.18%, Microsoft rose 2.75%, and Amazon rose 2.94%. AMD soared 13.26%, Broadcom surged 8.78%, and Qualcomm rose 3.66%. The memory group also saw strong gains on the 9th, with Micron rising 6.28%, SanDisk rising 6.16%, and SK Hynix ADR rising 5.53%.
In the ADR section of Taiwan stocks, TSMC ADR rose 3.51% to close at US$388.62, ADR ADR surged 8.63% to close at US$34.36, and UMC ADR surged 7.51% to close at US$14.89.
The Dow Jones Industrial Average rose 1,123.28 points, or 2.19%, to close at 52,409.01 points.
The S&P 500 index rose 190.39 points or 2.58% to close at 7567.25 points.
The Nasdaq climbed 697.55 points, or 2.84%, to close at 25,276.97 points.
The Philadelphia Semiconductor Index surged 646.22 points or 6.88% to close at 10036.47 points.
AI outlook — possibilities, not facts
Huida's board of directors will release the findings after the investigation is completed, which may affect Huang Renxun's CEO position.
Likely · Within weeks

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U.S. President Trump revealed that he had a phone call with Huida CEO Huang Renxun. Huang Renxun denied knowing that Huang Le, a Chinese businesswoman with whom he had an extramarital affair, was a Chinese spy. Trump said he believed her statement. The incident stemmed from a report by the New York Times, which stated that the U.S. intelligence agency identified Huang Le as a Chinese intelligence agent who may help transport Huida's advanced AI chips to China. Trump said the incident will be further investigated and the FBI is also investigating other matters, but he believes Huang will be fine.

U.S. President Trump revealed that he had a phone call with Huida CEO Huang Renxun. Huang Renxun denied knowing that the Chinese businesswoman Huang Le with whom he had an extramarital affair was a Chinese spy. Trump expressed his belief in the other party's statement and believed that Huang Renxun had suffered tremendous pain and that the incident would be further investigated.

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