Nvidia investors are rushing to CEO Jensen Huang's defense publicly, while privately expressing disappointment, after he admitted to having an affair with a purported Chinese spy, Axios' Madison Mills reports.

• The company's stock was down about 5.5% as of midafternoon.

🤳 Pershing Square CEO Bill Ackman wrote on X that Huang (pronounced wong) "is an incredible human. ... We should all support him and his family."

• Elon Musk, replying to a post which suggested that Huang had "no bad intention," wrote: "I agree."
• Gavin Baker, managing partner and CIO of Atreides Management, said on X: "I simply do not believe he would ever knowingly do anything to disadvantage either America or Nvidia."

One Nvidia investor told Axios that the situation is "profoundly disappointing," but added that they think Huang will keep his job.

• Dan Ives, senior managing director at Yorkville Ives, wrote in a note to clients: "Nvidia and its AI success and ambitions are heavily tied to [Huang] staying on as CEO."

🏛️ Between the lines: A newly blue Congress is looking to investigate tech execs who work closely with the Trump administration.

• One investor told Axios they're concerned about how much time Huang will have to spend in Washington as investigations unfold.

🔎 What's next: Nvidia's board has launched an independent probe, which investors worry could result in pressure for Huang to leave his post.

• Go deeper.

Americans are getting more worried about rising unemployment, but they're also more confident that they could find another job if they needed to, Axios' Neil Irwin and Courtenay Brown write from a new report.

📈 By the numbers: The perceived probability that unemployment will rise over the next year climbed to 45.3% in October, according to the New York Fed's Survey of Consumer Expectations.

• That's the highest since April 2020.

Yes, but: People's perceived probability of finding another job if they lost their current position rose to 46.5%, the highest in about a year.

🤔 The mixed sentiment underscores the weirdness in today's labor market: Hiring is picking up and unemployment remains low, but it can be tough to find work.

• Explore the data ... Go deeper.

1. ⛪️ Pope Leo XIV renewed his call for Argentina to protect its weakest and most vulnerable people as he visited a home for people with disabilities near Buenos Aires. Go deeper.
2. 🧑‍⚖️ Actor Russell Brand was sentenced to 10½ years in prison for raping one woman and sexually assaulting three others. Get the latest.
3. 🏈 The College Football Playoff will double to 24 teams starting next year in a five-year, nearly $1.7 billion deal with ESPN. How it'll work.

NASA is now accepting applications for new astronauts for its Artemis lunar program.

• Aspiring candidates have until Dec. 3 to submit their applications. Final selections are expected by late 2027.

🚀 With only 32 active astronauts, the space agency needs more recruits as it looks to expand humanity's presence beyond low-Earth orbit.

• Artemis III commander Randy Bresnik tells AP: "We have far more work than we have astronauts."

Go deeper ... How to apply.