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AI Geopolitics & Markets

U.S. Probes Megaspeed’s $4.8B Nvidia Chip Buys and CEO Contacts

Intelligence agencies conclude former Megaspeed executive Alice Huang acted for Beijing while in contact with Nvidia CEO Jensen Huang, as AI spending worries send the Nasdaq down 2.9% and Intel down 28.6%.

Enterprise data center aisle with black perforated steel server racks and bundled overhead fiber-optic patch cables
U.S. intelligence and Justice Department investigators are examining Singapore-based Megaspeed and $4.8 billion in Nvidia-equipped AI hardware purchases in Malaysia, while AI capital expenditure concerns weighed on semiconductor equities Friday.