Trump backs Jensen Huang after spy report, says probe will proceed

President Trump publicly defended Nvidia CEO Jensen Huang following a report that a suspected Chinese intelligence asset had targeted him, while saying the administration would examine the allegations and calling the matter complicated. The report also said Trump had reportedly been briefed on related surveillance about a year earlier and chose not to act. Nvidia has said the diversion allegations involving a regional cloud customer were investigated and dismissed last year. Senator Elizabeth Warren separately asked Huang and Nvidia's board to answer to Congress. The episode adds political and governance uncertainty around Nvidia's China sales and export-compliance exposure.

1. Trump defended Huang and said the administration will take a closer look at the allegations, calling the issue very complex.
2. A report said surveillance documented a close relationship between a suspected Chinese intelligence asset and Huang, and that Trump was briefed about a year earlier.
3. Nvidia told Benzinga that the regional cloud customer involved, Megaspeed, was no different from other regional cloud customers and that diversion claims were investigated and debunked last year.
4. Sen. Elizabeth Warren called on Huang and Nvidia's board to answer to Congress.
5. Nvidia shares closed down 4.22% at $204.64 on Friday, October 30, 2026, per Benzinga price data.