Business & Finance · November 10, 2026
Nvidia sells off for second day in fallout from Jensen Huang’s affair with alleged spy
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Nvidia stock experienced a second consecutive day of decline following the disclosure of CEO Jensen Huang's affair with Alice Huang, an executive at customer Megaspeed who is alleged to be a Chinese spy. The Nvidia board has retained the law firm Wachtell, Lipton, Rosen & Katz to conduct an investigation into the matter, while shareholders have filed a lawsuit. President Donald Trump confirmed an FBI investigation into the situation but expressed optimism about Jensen Huang's status. Despite the controversy, Nvidia's market capitalization managed to close above the $4 trillion threshold after briefly dipping below it during trading.
Read the original coverage
- CNBCMainstream
Nvidia sells off for second day in fallout from Jensen Huang’s affair with alleged spy
Read at CNBC ↗ - Business InsiderMainstream
What we know about Joon H. Kim and Wachtell, the law firm probing Jensen Huang
Read at Business Insider ↗ - FortuneFinancial
Nvidia CEO Jensen Huang might hang on as CEO. But his influence on U.S. AI policy is over. | Fortune
Read at Fortune ↗ - CBS NewsMainstream
Nvidia, CEO Jensen Huang facing shareholder suit over affair with alleged Chinese spy
Read at CBS News ↗ - ReutersWire
Senior Republican on US Senate banking panel calls on Nvidia CEO Huang to resign
Read at Reuters ↗
Reported by multiple outlets
- Nvidia stock fell for a second straight day.
- CEO Jensen Huang had an affair with an alleged Chinese spy.
- The affair was with Alice Huang, an executive at Nvidia customer Megaspeed.
- Nvidia's board hired Wachtell, Lipton, Rosen & Katz to lead an investigation.
- Jensen Huang admitted to being 'unfaithful' and falling short of his responsibilities in an email to staff.
Reported by only some outlets
- Nvidia shares fell 5.47% on Tuesday (reported by CNBC).
- Nvidia shares fell more than 4% on Monday (reported by CNBC).
- Nvidia's market cap briefly dipped below $4 trillion before closing above it (reported by CNBC).
- Republican Senator Kevin Cramer called for Jensen Huang's resignation (reported by Reuters).
- U.S. officials concluded that Alice Huang was a spy on Oct. 29 (reported by CNBC).
- President Donald Trump stated the FBI is investigating the matter (reported by CNBC).
Industry-friendly coverage frames it as…
Most coverage focuses on the market capitalization fluctuations, the impact on Nvidia's corporate governance, and the potential loss of strategic influence in AI policy.
Skeptical / consumer coverage frames it as…
Focuses on the security risks posed by the alleged espionage and the potential for legal accountability through shareholder lawsuits and government investigations.
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