Some of the most powerful figures in business and technology are publicly backing Nvidia Chief Executive Jensen Huang after his admission of an affair with a woman U.S. intelligence officials suspect of working for China. Investors are hoping the company's co-founder can weather the scandal.

Tesla CEO Elon Musk and billionaire investor Bill Ackman on Monday backed Huang, urging people to support the technology leader and his family and endorsing a defense of his importance to U.S. artificial intelligence leadership.

Ackman made his case on social media. "An alert: @JensenHuang is human. And he is an incredible human," the Pershing Square Capital Management CEO wrote, urging people to support Huang and his family.

Ackman said Huang should take full responsibility, which........

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