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NVIDIA's CEO just admitted his affair with a Chinese soy girl. The board is now investigating


October 29
- NYT reports US intelligence watched Alice Huang, a Megaspeed executive
- They suspected she was a Chinese intelligence asset close to Jensen Huang
- Nvidia says the chip diversion claims were "investigated and debunked"
- NVDA falls about 3% the next day
November 4-5
- Three House committee chairmen ask Jensen for a briefing
November 6
- FT reports US officials believe Jensen and Alice had a romantic relationship
- China denies using her to spy
November 8
- Jensen sends a memo to staff
- "I was unfaithful to my wife. There is no excuse for what I did."
- The board opens an independent investigation
The board says it has no reason to believe national security or company secrets were compromised
Jensen says his contact with her was about Megaspeed
None of the spy allegations has been proven
He's still CEO of the most valuable company in the world
Does a board investigation fix that, or is the damage already done?
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NVDANVDA+2.80%

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Comment 2
GateUser-45d0e926
$GS
One of my favorite short setups if they decide to come after financials next!
Keep a close eye on that $860 level, which is the October low. A daily close under this could open the door for a pretty quick move toward $800.
GateUser-45d0e926
go tu tade evryone to win all