Tech · November 9, 2026
Nvidia shares tumble 7% as it probes alleged Chinese spy scandal
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Nvidia shares fell 7% following news that its board is investigating CEO Jensen Huang over a romantic affair with Alice Huang (also known as Huang Le), an alleged Chinese intelligence asset. Jensen Huang admitted to the affair in an email to employees, prompting the internal probe. Alice Huang was an executive at Megaspeed, a Singapore-based firm that rents AI computing capacity and has been identified as the largest buyer of Nvidia chips in southeast Asia. The scandal has surfaced amid ongoing US government concerns regarding the smuggling of AI chips to China and efforts by the Department of Commerce to enforce strict export controls. President Trump and Elon Musk have publicly expressed support for Jensen Huang, describing the matter as a personal lapse rather than an act of treachery.
Read the original coverage
- Financial TimesFinancial
Nvidia shares tumble 7% as it probes alleged Chinese spy scandal
Read at Financial Times ↗ - New York PostTabloid
Alleged Chinese spy Alice Huang boasted about Nvidia AI chip access — as US officials grew concerned about smuggling
Read at New York Post ↗ - The GuardianMainstream
Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy
Read at The Guardian ↗
Reported by multiple outlets
- Nvidia's board opened an investigation into CEO Jensen Huang's conduct
- Jensen Huang admitted to an affair in an email to employees
- The affair involved an alleged Chinese spy
- Nvidia shares dropped 7%
- Donald Trump has expressed support for Jensen Huang
Reported by only some outlets
- Alice Huang, also known as Huang Le, was an executive at Singapore-based Megaspeed
- Megaspeed was the largest buyer of Nvidia chips in southeast Asia
- US officials asked Nvidia to audit its dealings with Megaspeed last year due to smuggling concerns
- Megaspeed reportedly imported 50,000 more chips than Nvidia had linked to its data centers
- Nvidia pledged in December 2025 to revisit Megaspeed data centers
- Elon Musk and other finance moguls have expressed support for Jensen Huang
Industry-friendly coverage frames it as…
emphasize Jensen Huang's record of success, his 'honorable' character, and the support he has received from prominent figures like Elon Musk and Donald Trump.
Skeptical / consumer coverage frames it as…
highlight the discrepancies in chip accounting, the potential breach of export controls, and the risks of corporate leaders being compromised by foreign intelligence assets.
Numbers that differ
- Unaccounted-for chips: New York Post reports 50,000 chips were imported beyond those linked to data centers; other sources do not provide a figure.
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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.