Trump claims FBI is probing Nvidia CEO’s relationship with alleged Chinese spy

President Donald Trump told reporters that the Federal Bureau of Investigation is examining the relationship between Nvidia chief executive Jensen Huang and a woman identified as Alice Huang, who U.S. intelligence officials describe as an alleged Chinese spy. Trump said he asked Huang whether he knew the woman was a spy and that Huang replied he did not.

According to a BBC report, the allegation stems from a New York Times story that cited U.S. officials, including a memo from Senator Marco Rubio, warning that Huang had a close relationship with the suspected operative. The woman, also known as Huang Le, was a managing director of Singapore‑based Megaspeed, a firm that has done business with Nvidia.

Nvidia responded that it has commissioned an independent investigation into the matter and, to date, has found no evidence that its trade secrets or national security have been compromised. The company said it remains committed to safeguarding its technology amid heightened U.S.–China competition over artificial‑intelligence hardware.

The news triggered a sharp move in Nvidia’s market value, with the share price dropping roughly 4% on the trading day, erasing an estimated $250 billion from the company’s market capitalisation. Analysts noted the volatility reflects investor concerns over potential security risks and regulatory scrutiny.

China’s foreign ministry rejected the allegations, describing them as “entirely groundless, speculative and intended to smear and malign China.” The FBI declined to comment when approached for comment, and Trump did not provide details on when the investigation began or its scope.