FX.co ★ Nvidia shares slide to $176 after CEO admits affair with Singapore executive

Nvidia’s stock tumbled by 5.6% in premarket trading to $176.18 per share after the company’s CEO and co‑founder Jensen Huang publicly acknowledged a long‑running extramarital relationship. Huang’s admission prompted the board to launch an independent internal review. The sell‑off erased gains from the prior session, when the chipmaker’s shares had risen 2.78%.

The inquiry follows media reports, including an investigation by The New York Times, alleging a multi‑year relationship between Huang and Alice Huang, the head of Megaspeed, a Singapore‑based firm that is among Nvidia’s largest customers in Southeast Asia. The episode has taken on geopolitical overtones amid US intelligence concerns that the Singapore executive may have ties to Chinese intelligence. Jensen Huang said he accepts full responsibility for his actions, pledged to cooperate fully with the review, and affirmed his commitment to the company. The board said it does not plan to remove him from his CEO duties while the audit is underway.

The episode compounds market pressure on the chipmaker, which only recently ceded the title of the world’s most valuable public company to Apple. Nvidia’s market capitalization stood at about $4.5 trillion at the start of the week versus roughly $4.98 trillion for the iPhone maker. Investors worry the probe into the company’s leadership and its Singapore partner could trigger tighter US export controls and damage Nvidia’s international standing.