The Nvidia board stated on November 8, 2026, that a committee of independent directors overseen by outside counsel will examine all available information.
The board added that it has no reason to believe that national security or company secrets were compromised, according to Aol.
Huang Admits to an Affair and Apologizes to Staff
In a message sent to employees, Huang admitted to an extramarital affair with Alice Huang, a former executive at Singapore-based customer Megaspeed who U.S. authorities concluded was a Chinese intelligence asset, Usatoday reported. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did,
Huang wrote, as reported by Aol.
Huang also addressed his professional responsibilities in the memo to staff. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence,
he stated, according to Usatoday.
The chipmaker was founded in 1993 as a video-game graphics card company by Huang, making him one of the longest-serving founder-CEOs in Silicon Valley. Reports noted that American intelligence agencies had determined Alice Huang was a Chinese spy and had a relationship with the executive, while Beijing rejected allegations of an espionage operation as groundless speculation.
Huang Grew Nvidia's Valuation to $4.5 Trillion
The investigation unfolds as Nvidia stands as the world’s second-largest publicly traded company, valued at nearly $4.5 trillion, Aol reported.
As reported by Usatoday and Aol, citing the Bloomberg Billionaires Index, Huang has directed the enterprise for upwards of thirty years, expanding its market cap from approximately $1 trillion in 2023 to $4.5 trillion at present, throughout a timeframe wherein his private fortune climbed from roughly $25 billion at the beginning of 2022 to nearly $160 billion, positioning him as the 10th-wealthiest individual globally.
As noted by Usatoday, American trade restrictions put into place starting in 2022 have aimed at limiting China’s ability to obtain advanced Nvidia processors and the machinery required for their manufacturing.
Congressional scrutiny also involved letters asking lawmakers to determine the extent to which U.S. national security has been placed at risk.
Trump Supports Huang While Analysts Warn of Leadership Risk
President Donald Trump voiced support for the executive, stating that he had not spoken to Huang about the allegations but called him a fine person who has done an amazing job for the country. I hope everything’s fine.
He’s done an amazing job for our country,
Trump said when asked about intelligence briefings regarding the matter, according to Usatoday.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., stated that there is clearly risk that Jensen could be removed as CEO depending on the board investigation and that this adds risk to the stock because he is so important to the Nvidia story and strategy globally, calling it a black eye moment.
An Nvidia representative conveyed to NBC News that the day’s developments will not slow down the enterprise and that Huang remains dedicated to maintaining his role as CEO of Nvidia without any pause.
Earlier coverage: Nvidia’s Board of Directors Launched an Independent Investigation After CEO Jensen Huang