Hello, this is Leonie Kidd with today's edition of Morning Squawk.
Trouble had been brewing, but over the weekend the story broke that Nvidia CEO Jensen Huang - the so-called 'torchbearer of AI' - has been having an affair with a woman that U.S. intelligence believes to be a Chinese spy.
The news has sent shockwaves through the markets, with investors scrambling to assess the potential fallout for the AI industry more broadly.
Nvidia CEO Jensen Huang has issued an apology to his family, the company and investors after admitting to an affair with a woman who is alleged to be a Chinese spy.
The stock is under heavy selling pressure in premarket trading, currently down over 5% and lower by over 6% in Frankfurt.