Nvidia shares edged higher in premarket trading Tuesday as investors continued to weigh the potential fallout from CEO Jensen Huang's affair with an alleged Chinese spy.
Nvidia shares 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.
He reportedly had an affair with Alice Huang, an executive at Nvidia customer Megaspeed. The New York Times on Oct. 29 reported 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."
The stock was trading 1.3% higher as of 4:20 a.m. ET.
This is a developing news story. Please refresh for updates.
Fox Style News Syndicate. Sourced from broadcast reporting: Read Full Source Coverage.