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Nvidia's stock dropped 8% following allegations of espionage involving CEO Jensen Huang, erasing $350 billion in market value. The investigation centers on Huang's ties to Alice Huang, a former director at a client company, suspected of working for Chinese intelligence. While Nvidia's board believes national security hasn't been compromised, they are conducting an independent inquiry. Beijing denies the accusations, calling them baseless. Jensen Huang admitted to infidelity but remains CEO, with no plans for resignation. The case highlights tensions between the U.S. and China over AI technology access, as Nvidia faces scrutiny over its exports to China.

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