Nvidia hit by Megaspeed probe scandal
The NYT reports a US probe of Megaspeed was halted after Nvidia intervened, and the shares fell sharply while the broader market rallied.
What we know
The New York Times reported that the Commerce Department's Megaspeed investigation was halted after Nvidia intervened, and that the probe was transferred to the Justice Department. Per the NYT, agents were alarmed that Nvidia invoked the name of a senior Commerce official. Megaspeed is tied to an alleged Chinese spy with a personal link to CEO Jensen Huang, and a prediction-market account says the firm bought nearly $5B in Nvidia chips (unconfirmed). The FT asks whether Huang can survive as CEO. Market accounts report NVDA down about 6.5%, erasing roughly $300B, though South Korea's deputy science minister expects no disruption to GPU deliveries. Trump was reported as saying Huang should stay on, and a short-seller report on Nvidia's China exposure is circulating.
How the story developed
The NYT reports a US probe of Megaspeed was halted after Nvidia intervened, and the shares fell sharply while the broader market rallied.
A New York Times report, relayed by market news accounts, says a US Commerce probe into Megaspeed was halted after Nvidia intervened, and the story is weighing on the stock and Jensen Huang's standing.
NYT reports a US probe into Megaspeed chip smuggling was halted after Nvidia intervened. This comes on top of reports about Jensen Huang's relationship with a suspected Chinese spy, and NVDA fell ~4.6% to about $178 while the rest of tech rallied.
Nvidia fell 5-7% at the open after its board opened an investigation into reports that Jensen Huang was the target of a foreign espionage operation involving an alleged Chinese spy. Big Tech and the Nasdaq rallied anyway, and many traders are buying the dip.
Nvidia fell 6.5–7%+ at the open after reports that CEO Jensen Huang was the target of a foreign espionage operation tied to Alice Huang. The board is opening an investigation, AMD is benefiting, and the story has become a meme.
NVDA is down more than 6% premarket, wiping out over $225B, after CEO Jensen Huang's affair with a suspected Chinese spy. Google launched two new TPU versions at the same time.
Nvidia fell about 5% premarket, erasing roughly $225B, after Huang admitted an affair and the board opened an investigation into reports he was targeted by foreign espionage. China denies the allegations, and an analyst downgrade added pressure.
Nvidia's board is investigating Jensen Huang's relationship with a woman US intelligence officials identify as a Chinese spy. NVDA fell about 6% on Tradegate, NVDA perps on Hyperliquid fell 4%, and Culper Research announced a short.
Several sources reference unspecified 'personal news' about Jensen Huang and scrutiny of Nvidia's China chip stance. Crypto traders call it a 'nothingburger' that should shake out, with a BTC target of $81k.
Reports that Nvidia CEO Jensen Huang had an affair with an alleged Chinese MSS agent have triggered national-security concerns, possible export-chip scrutiny, and a flood of memes. Huang has reportedly apologized, while Trump says he will still bring him to APEC.
Sources
“Can Jensen Huang survive as Nvidia's CEO after spy scandal?”
View post →Compiled with AI by the Global Eye 24 desk from public posts across 7 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.