FBI Involved in Espionage Allegations Against Nvidia CEO Huang
Allegations that Jensen Huang, CEO of US technology company Nvidia, has a close relationship with businessperson Alice Huang, who is suspected of spying on behalf of China, remain on the agenda. US President Donald Trump stated in his remarks on the matter that the FBI is conducting an investigation.
Speaking to reporters at the White House, Trump said, "I know the FBI is investigating the matter. We will investigate it. I know the FBI is also examining the issue under something else, and I think he will come out of this well." Stating that he spoke with Jensen Huang, Trump said, "I just wanted to see if he felt okay, how he was doing, and I asked him about this issue. He said he had absolutely no idea that the person in question was a spy."
The US President said that Huang is an "honorable man" and that he would "get through this process without problems." Trump said, "I hope there is no problem; I believe he has suffered greatly."
According to a report published last month by The New York Times, US President Donald Trump was presented last year with intelligence information indicating that Alice Huang was spying on behalf of China. In the newspaper's report, which was based on unnamed sources, it was stated that US intelligence agencies had monitored Alice Huang and concluded that she was acting on behalf of the Chinese government. The report conveyed that during surveillance activities, communication between Alice Huang and a US citizen was detected, and that the individual was later identified as Jensen Huang through a process known as "unmasking."
It has not yet become clear what information Alice Huang, also known as Huang Le, passed to Beijing, how valuable this information was, and when she began collecting intelligence. Nvidia CEO Jensen Huang was asked to provide a briefing next week in a closed session jointly organized by several congressional committees. However, it is not yet clear whether Huang will attend the meeting.
Not investment advice.
The news points to a development involving Nvidia CEO Jensen Huang that carries uncertainty and reputational risk, such as espionage allegations and the FBI's involvement. The technical picture is already weak: the price has fallen 12.5% in 24 hours, below the SMA20 and SMA50, with MACD in negative territory. Although RSI at 34.6 is near the oversold threshold, this alone does not guarantee a rebound. In the short term, volatility and downward pressure are expected depending on the news flow; however, since the allegations are unverified, it is early to predict a sharp decline. Nevertheless, due to the risk-off sentiment and weak momentum, the 1-3 day direction is biased to the downside.