Nvidia slides amid investigation involving CEO Jensen Huang

New York: US futures are rising and artificial intelligence companies continue to rebound despite an internal investigation by Nvidia into its CEO Jensen Huang, who may have been the "target of a foreign intelligence effort." Futures for the S&P 500 climbed 0.7 per cent on Monday, while those for the Dow Jones Industrial Average gained 1 per cent. Nasdaq futures added 0.4 per cent. Despite recent gyrations, the S&P 500 is only 5.7 per cent below its all-time high, which was set last month, after midterm elections in the US upended markets. Shares of Nvidia slid 5 per cent before the opening bell Monday after Nvidia said it was opening an investigation into reports that Huang was the target of a foreign intelligence effort. Huang acknowledged that he had been intimate with a business executive who, according to The New York Times, US intelligence determined was gathering information for China. China's Foreign Ministry has denied any spying allegations.

Nvidia is a central player in the race to develop artificial intelligence. Its chips power many of the data centers and computing systems used to train and run AI models. Energy prices are retreating with President Donald Trump set to meet Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani at the White House on Monday.

The Associated Press has reported that Iran was reviewing proposals presented by chief mediator Qatar aimed at addressing differences with the United States about Tehran's nuclear program.

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