From NDTV
Owned by Adani Group (AMG Media)Is The Spy Narrative Falling Apart? US Intelligence Yet To Establish If Alice Huang Spied On Nvidia For China: Report
What's behind this
Nvidia shares fell 13% over five days as controversy surrounding CEO Jensen Huang intensified, prompting concern about the impact on equity mutual‑fund portfolios that hold the chip maker’s stock. While the Livemint report notes that several mutual‑fund schemes are exposed to the decline, it does not name the specific funds. The episode coincides with reports of a Chinese firm linked to former executive Alice Huang obtaining banned Nvidia chips, US export curbs threatening over $3 billion of Chinese AI projects that rely on Nvidia processors, and senior Democrats calling for congressional scrutiny of Nvidia and the Trump administration after Huang’s resignation.
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A former Commerce official told that no intelligence operation was needed to achieve that outcome, noting that Jensen Huang has publicly argued for selling more chips to China.
