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Nvidia is investigating whether CEO Jensen Huang was the target of a foreign intelligence effort after he admitted to an extramarital affair with Alice Huang, a Chinese businesswoman suspected of spying for Beijing, the Korea Times reports. The affair has sparked a shareholder lawsuit accusing Huang and Nvidia of deceiving investors, and Nvidia shares have shed about $430 billion in market value over two sessions, with losses potentially exceeding $470 billion, according to the Korea Times. Business Korea adds that a report alleges advanced AI chips worth approximately 11 trillion won ($7.5 billion) were diverted to China through personal connections with Huang. Korean media frame the scandal as a national security concern for the U.S., with the Korea Times noting U.S. intelligence officials suspect Alice Huang of spying, and KBS World reports Huang admitted the affair in a statement on Sunday. Korean reaction focuses on the severity of the security implications and the impact on Nvidia's future, with the Korea Times raising questions about the chipmaker's trajectory amid the probe.