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Espionage Probe

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Nvidia Shares Drop as CEO Jensen Huang Admits Affair Amid Espionage Concerns

Nvidia CEO Jensen Huang apologized to his family, the company and investors after acknowledging an extramarital relationship with Alice Huang, an employee of Singapore-based cloud firm Megaspeed, whom U.S. intelligence reportedly suspects of passing information to China. Nvidia's board has launched an investigation, Nvidia shares fell more than 5% in premarket trading, and China's Foreign Ministry dismissed the spy allegations as unsubstantiated while President Trump offered a sympathetic response.