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US tech stocks fell sharply on Friday, with the Nasdaq 100 down 2.6% and on pace for a roughly $1 trillion decline. Amazon shares dropped about two percent despite strong cloud earnings, as investors focused instead on its 2026 capital expenditure plans of $220 billion tied largely to AI. The slide followed Alphabet's historic 12.6% single-day plunge on Thursday, which wiped out over $500 billion in market value.
Tom's Hardware tested Nvidia's new Vera data center CPU in standalone form against AMD's EPYC Turin and Intel's Granite Rapids-AP chips. Vera posted leading results in Python performance and memory bandwidth, and also held its own in general-purpose server workloads, though x86 rivals retained an edge in core-density-driven frontend tasks.
Investigators reportedly suspect Alice Huang, a Chinese executive with ties to Nvidia CEO Jensen Huang, of passing information to China. According to the report, authorities believe she was recruited for this purpose specifically because of her relationship with the Nvidia chief.
The New York Times reported that US intelligence identified Alice Huang, an executive at Singapore-based data center firm Megaspeed, as a possible operative for the Chinese government who had built a close relationship with Nvidia CEO Jensen Huang. Officials were already surveilling her over alleged illegal sales of advanced Nvidia chips to China, including to buyers linked to Alibaba, when they discovered she may also have been passing information to Beijing. Nvidia says Jensen Huang's contact with her was routine customer engagement and no sensitive information was shared.
Nvidia responded to a New York Times report alleging CEO Jensen Huang's interactions with Megaspeed executive Ms. Huang raised espionage concerns, saying such meetings are routine customer engagements involving no sensitive trade secrets. Megaspeed said it is taking the allegations seriously, has hired outside counsel to investigate, and has notified U.S. authorities of its cooperation.
The Canadian government is set to acquire an equity stake in Cohere, a Canadian AI company, as part of a funding round that also drew commitments from Nvidia, Germany's Schwarz Group, and telecom firm BCE. Details of the size of the government's stake and the round's total value were not specified.
The New York Times reports that Alice Huang, who presents herself as CEO of chip buyer Megaspeed and was briefly listed as its managing director before being removed from that role, is suspected by US officials of acting as a Chinese government intelligence asset. She was photographed sitting close to NVIDIA CEO Jensen Huang in 2024 around the time Megaspeed began making large chip purchases, and the Times says she remains under surveillance. According to the report, Jensen Huang was never given a standard 'defensive briefing' warning him he may have been targeted.
The New York Times reports that US intelligence briefed Trump roughly a year ago about suspicions that Alice Huang, a Chinese citizen and former Megaspeed executive, had gained direct access to Nvidia CEO Jensen Huang and was relaying information to Beijing. Officials reportedly suspected she had also helped China skirt export controls to obtain advanced Nvidia chips, but Trump chose not to act on the intelligence, according to sources briefed on the matter.
The New York Times reports that Alice Huang, a Chinese citizen and top executive at Singapore-based Megaspeed, developed a close relationship with Nvidia CEO Jensen Huang that drew scrutiny from US intelligence agencies, which reportedly concluded she was passing information to Beijing. The two were photographed together at social and business events in Taipei in June 2024 and May 2025, though the report found no evidence Huang was aware of her alleged activities. Megaspeed, an Nvidia customer that supplies AI computing to Chinese firms including Alibaba, is separately under US investigation over suspicions it helped circumvent export controls on advanced Nvidia chips.
The New York Times reports that U.S. intelligence agencies spent roughly a year surveilling Alice Huang, a senior executive at Singapore-based AI cloud firm Megaspeed, over concerns she may have been a Chinese intelligence asset. Huang had appeared alongside Nvidia CEO Jensen Huang at business dinners in Singapore, and Megaspeed was separately investigated by the Commerce Department in 2025 for allegedly reselling restricted Nvidia chips to Chinese buyers in violation of export rules.
Nvidia pushed back on a New York Times report claiming US intelligence agencies surveilled a woman, Alice Huang, linked to Singapore-based cloud firm Megaspeed, over concerns she could be a Chinese intelligence asset close to CEO Jensen Huang. Nvidia said Megaspeed is simply a regional cloud customer and that prior allegations it helped evade US export controls on Nvidia chips were investigated and found baseless last year. The company also said customers do not get access to trade secrets or national security information.
According to a report, the US intelligence community identified a Chinese individual connected to Nvidia CEO Jensen Huang as having ties to Chinese spying operations. Huang has been pushing the US government to loosen restrictions on selling advanced AI chips to China.