It was only a matter of time before someone on Wall Street helped create a major scandal that has shocked/rocked everyone’s favorite tech/chip/AI stock, Nvidia.
Cue up: CEO Jensen Huang who is being hung out to dry for doing what many CEO’s have done in the past. Namely, having an affair with a woman.
And it appears to be a classic case of a “honey trap” * used by spy agencies (to create chaos) in order to take down someone of importance.
*A honey trap (or honeypot) is a deceptive strategy that uses a fake romantic or sexual relationship to lure a target into a compromising position, collect sensitive information, or extort money. Used also by Espionage and State Intelligence to seduce diplomats, military personnel, or corporate executives to steal classified secrets or gain political influence. Blackmail and Coercion are another by-product of honey traps.
So far, the effect on Nvidia’s stock is a loss of over 30% in value equal to $1.4 -$1.7 TRILLION dollars.
And, as if on cue, House Foreign Affairs Chairman Brian Mast (R-FL) is prepared to subpoena Nvidia CEO Jensen Huang if he doesn’t respond by Wednesday to a request from House Republicans for a closed-door briefing on his relationship with an alleged Chinese spy.
It looks like the Republicans will be doing some grandstanding over the Nvidia scandal to assuage some of their pain for the blue tsunami that buried them last week.
Ironically (or NOT) they didn’t pay this much attention when Eric Swalwell (D- Cal) was exposed for his honey trap with a Chinese spy even though he allegedly gave away government secrets.










