Nvidia shares fall after decision to investigate allegations of espionage

While the race for global artificial intelligence leadership continues between the USA and China, allegations that Nvidia CEO Huang has a close relationship with Chinese businessperson Alice Huang and that the businessperson in question is passing information to the Beijing administration have become the focus of the technology and intelligence world.

Following these developments, Nvidia shares also lost value. Faced with intense selling pressure, the company's shares started the first trading day of the week with a decrease of more than 7 percent.

Nvidia shares lost more than 5 percent in value, falling to $175.9 as of 19.30 Türkiye time.

While the investigation raises questions about Huang's future as CEO of the company, analysts stated that more clarity is expected regarding the discussions about Huang and the possible consequences of the investigation.

In the statement made yesterday, Nvidia Board of Directors announced that an independent investigation would be launched following the news that Huang was the target of foreign intelligence activity.

The investigation was launched after reports that Huang had a close relationship with a Chinese businessman who allegedly passed information to the Beijing administration.

In the news published in The New York Times, it was claimed that Chinese businesswoman Alice Huang, who was stated to be close to Nvidia CEO Huang, conveyed information to the Beijing administration for intelligence purposes.

Nvidia CEO Jensen Huang stated in his message to his employees that he was not faithful to his wife, and that he supported the independent investigation initiated by the company's Board of Directors and that he would fully cooperate with the investigation.

"I am committed to protecting Nvidia and supporting the national security of the United States," Huang said. He used the following expressions: