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Nvidia shares fall about 5% before trading as its board investigates CEO Jensen Huang

Nvidia's shares dropped about 5% in pre-market trading after its board opened an inquiry into CEO Jensen Huang, the Financial Times reports. Nvidia had earlier called his interactions with the woman involved "nothing unusual or unexpected". Bloomberg profiled Alice Huang, whom US intelligence suspects of being a Chinese agent; she founded Megaspeed in 2023, and its imports of Nvidia products top $4.6 billion. The New York Times reports that Jensen Huang has more than 60 direct reports and owns 3.56% of Nvidia, which makes the 10-person board's task harder.

Affects you: Only if you own Nvidia shares. The inquiry has just started, and Nvidia says it has no reason to believe company secrets were compromised.