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Nvidia's board will investigate reports that CEO Jensen Huang was targeted by Chinese intelligence after an affair with an executive, and Trump says the FBI is looking into it. The board said on Sunday that a committee of independent directors, assisted by outside counsel, will lead the probe. According to The New York Times, Huang had an affair with an executive whom US intelligence believed was gathering information for Beijing. Huang has apologized, will remain CEO during the inquiry and has pledged to cooperate. Huang acknowledged the affair on Monday, and Nvidia shares fell more than eight percent in opening trading. Trump said on Monday that he had spoken with Huang about the affair and that the FBI is investigating, according to BBC World. Nvidia and Huang were also sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties to the suspected spy. Beijing has denied the woman worked for Chinese intelligence and called the allegations a "smear campaign".