CEO faces Nvidia spy inquiry

Detailed summary

Nvidia announced Monday that it would open an investigation into CEO Jensen Huang’s relationship with a business executive who US intelligence determined was a Chinese spy.

Nvidia announced Monday that it would open an investigation into CEO Jensen Huang’s relationship with a business executive who US intelligence determined was a Chinese spy.

Nvidia said it had no reason to believe the company’s secrets or national security had been compromised during their CEO’s affair with Alice Huang, and China’s foreign ministry said the allegations were “entirely groundless, speculative and intended to smear and malign China” (BBC).

Huang will continue to lead Nvidia during the internal investigation. He apologised for the affair in a message to company employees on Sunday. He wrote: “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” (NYTimes).

In wake of the scandal, the company’s stock price dropped roughly 6% in early trading on Monday. At current ​levels, the chipmaker would lose more than $405bn (US$280bn) in value from its last closing price (Reuters).

Nvidia surpassed Microsoft in June 2025 to become the world’s most valuable company. A recent Forbes report said the company had hit a market capitalisation of more than $10tn (US$7tn) (Forbes).

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