Nvidia has announced that it has opened an official investigation into its CEO, Jensen Huang, after he admitted that he was involved in an affair with a business executive who is suspected of being a Chinese spy.
Following a New York Times report about Huang’s affair with Megaspeed executive and Chinese businesswoman Alice Huang / Huang Le, the Nvidia CEO addressed the situation in a company letter (via the BBC). “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote. “Regarding the national security concerns raised in news reports, Nvidia’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully.”
US intelligence believes that Huang was unaware of Alice Huang’s alleged activities, and the security branch reportedly has surveillance of her feeding intel to Beijing. The Nvidia board says Huang will remain CEO while the investigation continues, which will involve independent directors and independent counsel. Nvidia added that it doesn’t believe the affair compromised any national security or Nvidia secrets.
Nvidia has been a giant in the video game space for decades, but in recent years, the graphics card manufacturer has evolved into one of the most important links in the US’s artificial intelligence chain. The company has profited massively from the growing AI sector, which has driven the prices of vital components to skyrocket. This has had a knock-on effect on gaming hardware like graphics cards and consoles, which in turn have seen prices hit record highs due to rising memory costs.
At the same time, the US under the Trump administration has introduced several new policies to limit China’s access to those vital components, with Nvidia emerging as one of the biggest players in the AI arms race.
Following the US midterm elections last week, Nvidia’s market cap was reduced by more than $1 trillion, although it did start to rebound later in the trading day–even if the company is being beaten by Krispy Kreme when it comes to overall growth in 2026.
