US President Trump: FBI is investigating Nvidia CEO Jensen Huang's relationship
Nvidia CEO Jensen Huang has confirmed an affair with Alice Huang, who is alleged to be a Chinese intelligence agent. The FBI has launched an investigation into the incident, and the Nvidia board of directors has ordered an independent review. The decline in company shares has wiped $250 billion off its market value.
Nvidia CEO Jensen Huang has announced that he had an extramarital affair with Alice Huang, an executive at the Singapore-based firm Megaspeed. Following allegations by U.S. intelligence that Alice Huang was acting as an agent for the Chinese Ministry of State Security, U.S. Homeland Security and FBI units have taken action.
Investigation and Political Reactions
U.S. President Donald Trump confirmed that the FBI is conducting an investigation into the matter and stated that he had spoken with Jensen Huang. Trump conveyed that Huang claimed he was unaware of the woman's alleged espionage activities. It was reported that U.S. Secretary of State Marco Rubio had warned senior officials about this relationship in a classified memorandum last spring.
House committee chairs have requested a closed-door briefing with Huang's participation as part of security protocols. The Chinese government has denied the espionage accusations against it, labeling them as baseless.
Market Impact and Legal Process
Following the public disclosure of the incident, the Nvidia board of directors launched an independent investigation to determine whether company secrets or national security had been compromised. A class-action lawsuit has been filed against the company and Huang in California, alleging that they misled shareholders by concealing the relationship.
Following these developments, Nvidia shares lost more than 4% of their value, wiping approximately $250 billion from the company's market capitalization. Nvidia, which was the world's largest semiconductor supplier by revenue in 2025, had been leading its closest competitor by $53 billion.