Trump supports Nvidia CEO Jensen Huang amid spy investigation

President Donald Trump expressed support for Jensen Huang, CEO of Nvidia, amid an investigation into Huang's relationship with a suspected Chinese spy, according to Talk Radio 105.9 and other sources.

Trump described Huang as an "amazing guy" and said he believes Huang is "suffering a lot" after the affair became public. Huang reportedly assured Trump he was unaware the woman was a spy, as reported by The Guardian.

Nvidia's board has launched an independent investigation following reports that Huang was targeted by a foreign intelligence operation. The company stated it has no reason to believe national security or Nvidia secrets were compromised, according to Bloomberg.

The affair has caused Nvidia's stock to drop 4.3%, wiping out nearly $200 billion in market value. The company's board is working with outside counsel to investigate, as reported by Yahoo Finance.

The scandal has prompted calls for congressional oversight, with some Republicans requesting Huang to brief Congress on his interactions with the suspected spy. The FBI is also investigating the matter, but Trump expressed confidence Huang will be "in good shape."

The situation could have implications for the upcoming Asia-Pacific Economic Cooperation leaders' summit and the MATCH Act, which aims to tighten export controls on semiconductor manufacturing equipment. Despite the controversy, Nvidia's public policy communications head stated the company will continue operations without interruption, and Huang remains committed to leading as CEO.