Nvidia Nepo Heirs Face Tough Day After Dad's Affair Send Stock Tanking
Nvidia CEO Jensen Huang on Sunday confessed to having an affair with a suspected Chinese spy. Nvidia shares have now tumbled more than 5 percent in premarket trading.
TL;DR
- Nvidia CEO Jensen Huang admitted to an affair with Alice Huang, a former executive who is a suspected Chinese spy.
- Nvidia's stock price fell by nearly five percent, wiping approximately $200 billion off the company's value.
- Huang's children, Madison and Spencer, and his son-in-law, Nico Caprez, are all employed by Nvidia.
- Madison works in the Omniverse division, and Spencer is the director of product management in the robotics division.
- Nico Caprez is a vice president managing relationships with cloud-computing providers.
- Alice Huang was reportedly photographed with Jensen Huang multiple times in Taipei.
- US intelligence warned top officials about Huang's relationship with the suspected spy.
- Nvidia's board stated they have no reason to believe national security or company secrets were compromised, but will examine available information.
- Former President Donald Trump defended Huang, calling him an 'honorable guy'.