Nvidia shares edged higher in premarket trading Tuesday as investors weighed the potential fallout from CEO Jensen Huang's affair with an alleged Chinese spy, according to CNBC. The stock was trading 1.8% higher as of 4:40 a.m. ET.
The shares had closed more than 4% lower on Monday, the day after Huang told staff in an email that he had been "unfaithful" to his wife and had "fallen short" of his responsibilities as CEO.
The report says Huang reportedly had an affair with Alice Huang, an executive at Megaspeed, which CNBC describes as an Nvidia customer. The New York Times reported on Oct. 29 that U.S. officials had concluded she was "a Chinese intelligence asset, funneling information to Beijing" and "possibly steering advanced Nvidia A.I. chips to China," according to the source.
U.S. President Donald Trump said Monday that the FBI is investigating, according to the report. Trump told reporters at the White House: "I've been reading a little bit about it over a period of time, but not too long ago... We'll look into it. I know the FBI is looking into it in terms of something else, and I think that he'll be in good shape."