AI BriefingNvidia Board Reportedly Preparing to Oust CEO Jensen Huang Amid Chinese Spy Allegations
·2026.11.12 08:29
Key point
Nvidia's board is reportedly preparing to oust CEO Jensen Huang following allegations that he had an affair with a woman U.S. intelligence agencies believe was a Chinese asset.
Details
- Nvidia's board of directors is preparing to oust CEO Jensen Huang soon, according to two sources, following allegations that Huang had an extramarital affair with a woman U.S. intelligence agencies believe was a Chinese asset.
- The move stems from reports that Huang had a close relationship with Alice Huang, a woman U.S. intelligence agencies believe was recruited by China's Ministry of State Security.
- Nvidia's share price slid more than 8% in after-hours trading Wednesday after The Wall Street Journal reported the board's moves, extending a multi-day sell-off.
- The Justice Department is investigating Megaspeed International, a firm previously led by Alice Huang, for potential violations of U.S. export restrictions on advanced AI chips.
- Jensen Huang admitted to being "unfaithful to my wife" in a message to employees and apologized for hurting her and their children.
- The Trump administration is aware of the matter; President Trump previously granted Nvidia permission to sell H200 chips to approved customers in China, with the federal government taking a 25% cut of sales.
- China's Ministry of Foreign Affairs has denied the allegations, calling the "Chinese spy narrative" baseless slander.
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