Updated

Nvidia's board is investigating CEO Jensen Huang over his relationship with Alice Huang, a Megaspeed executive that U.S. intelligence reports have identified as a suspected Chinese spy. Huang said over the weekend that he had been unfaithful to his wife. TechCrunch reported that Nvidia's stock slid more than 4% after the investigation opened, and Yale's Jeffrey Sonnenfeld estimated the odds that Huang remains CEO at about 50-50. Huang pulled out of an ElevenLabs summit and earlier an Anthropic event. The Verge reported that President Trump was asked at a White House briefing what he knew about the relationship, and The New York Times reported that Trump had been aware of it. TechCrunch, citing Wired, reported that Huang engaged a PR firm known for handling high-profile sex scandals about a year ago, shortly after an October 2025 New York Times report on Alice Huang's business dealings. Culper Research had questioned the relationship six months before the scandal erupted, and securities lawyers say Nvidia's earlier insistence that it was all normal could create legal exposure. The affair also raises questions about Nvidia's lobbying to loosen U.S. chip export restrictions and its access to China's AI market.