Here the spying of Nvidia chief’s Chinese girlfriend was revealed, on the other hand the company suffered a loss of Rs 24 lakh crore.

The kind of news that is coming out about Nvidia boss Jensen Huang and his Chinese girlfriend. Its impact is now beginning to be felt at the world’s largest company. Shares of American technology company Nvidia fell more than 5 percent during out-of-hours trading on Monday, according to Reuters. The drop comes after an internal investigation, which is trying to find out whether the company’s chief executive officer (CEO) Jensen Huang was targeted as part of a foreign intelligence operation.

The company suffered a loss of 24 lakh crores!

At the time of this news, the price was around US$175.97 in ‘after-hours’ trading on ‘Perpetual Futures’ and ‘Blue Ocean Alternative Trading System’ (BOATS) associated with Nvidia on the HyperLiquid platform. That’s down $10.74, or 5.75 percent, from Friday’s close of $186.64 on the Nasdaq. This means that the company’s valuation in ‘after-hours’ trading is Rs. 260 billion ie Rs. More than 24 lakh crores has been damaged. These incidents have raised the concern of the company’s leadership. This comes at a time when Nvidia is a leading player in the expansion of artificial intelligence (AI) globally, particularly in the semiconductor and data center markets.

Uncertainty has increased in the market

Nvidia launched an internal corporate review on Sunday. The move followed reports that Huang had a relationship with a Chinese businesswoman who allegedly passed sensitive information to Beijing. According to reports, Huang told employees that he had cheated on his wife, but did not provide further details. Commenting on the impact of these developments on Nvidia shares, Chris Weston, head of research at Melbourne-based brokerage firm Pepperstone, said the situation has added uncertainty to the market. According to Reuters, Weston said the market is likely signaling that the incident does not bode well for the company’s shares at a time when there is much speculation about data center construction.

Less chance of change in leadership

Weston believes that while the investigation is ongoing, there is little chance of any immediate changes in the company’s leadership. He said that if we really believed he was going to resign… the stock would have dropped even more – frankly, it would have been a puddle of blood. Public records and old reports show that US authorities investigated the businesswoman. She was a former executive at Singapore-based Megaspeed (which had no ties to Nvidia), and was identified by authorities as an “intellectual asset”.

Corporate reaction

Due to these incidents, many of the company’s overseas events have also been cancelled. Huang’s daughter, Madison Huang, also an executive at Nvidia, canceled scheduled meetings with South Korean technology companies, citing immediate internal issues. Bill Ackman, the founder of Pershing Square Capital Management, expressed concern over the incidents on social media platform ‘X’ and also acknowledged Huang’s professional reputation. “I hope this will be a simple case and not a threat to our national security,” he said. Tesla CEO Elon Musk also commented on this issue. He agreed with Sequoia partner Sean Maguire’s post. Maguire said Huang had done “some very stupid things” that were “bad for America,” but added that “Jensen has no place for America’s AI leadership.”

Trump said, Huang should be listened to

Meanwhile, US President Donald Trump said on Sunday that he had not spoken to Huang about the incidents. He described the Nvidia chief as a respected figure and said his professional record has been very strong. When asked if any action should be taken after the initial briefing by intelligence officials, Trump said, “No, I don’t think so. I think he’s a respectable person. Maybe he has an explanation for this. You should listen to him.” Market analysts have warned that if the investigation goes ahead, it could delay future administrative processes related to semiconductor investment and regional shipments. However, South Korea’s Deputy Science Minister said that upcoming deliveries of Nvidia graphics processing units (GPUs) have not been affected.