Nvidia Stock Rises as President Trump Backs Huang in China Spy Storm Nauman Khan Tue, November 10, 2026 at 6:49 AM EST 1 min read NVDA -0.10% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia (NASDAQ:NVDA) shares climbed about 1.5% in early Tuesday trading after President Donald Trump voiced support for CEO Jensen Huang amid an internal company investigation involving allegations of Chinese espionage.
Trump said Monday that he had spoken with Huang and believed the executive was unaware of the alleged intelligence links of a woman connected to him. The president also confirmed that the FBI was examining the matter.
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Huang acknowledged the relationship in an email to employees Sunday and pledged to cooperate with Nvidia's investigation, according to media reports. The woman, identified as Alice Huang, is suspected by U.S. intelligence agencies of attempting to influence the chipmaker's position on restrictions governing advanced semiconductor exports to China.
Elon Musk and investor Bill Ackman (Trades, Portfolio) have also publicly backed Huang, while Nvidia has maintained that it has no reason to believe company trade secrets or U.S. national security information were compromised. China has rejected the espionage claims, describing them as unfounded.
The controversy has also drawn legal scrutiny. Nvidia and Huang were sued by shareholders in a proposed class-action case filed in California, with investors alleging that they were not informed about potential risks associated with the matter
