Ex-Nvidia CEO Jensen Huang Misled Leaders on Affair as Stock Has Lost $1.8 Trillion
Updated
Updated · Reuters · Nov 14
Ex-Nvidia CEO Jensen Huang Misled Leaders on Affair as Stock Has Lost $1.8 Trillion
3 articles · Updated · Reuters · Nov 14
Summary
October messages reviewed by Reuters show Jensen Huang told Nvidia leaders, including General Counsel Tim Teter and CMO Alison Wagonfeld, that his contacts with Alice Huang and Megaspeed were routine customer dealings.
Those assurances concealed an affair with Alice Huang, a former Megaspeed executive, and Huang also urged Nvidia's legal team to consider action against the New York Times over reporting on the relationship.
The correspondence adds to the fallout that led Huang to resign on Thursday and follows his Sunday apology for infidelity after reports tied Alice Huang to a U.S. spying investigation involving China.
Nvidia's independent directors hired Wachtell on Nov. 10 to investigate, and the company's shares have fallen more than 30% since Oct. 6, wiping out over $1.8 trillion in market value.
Could a CEO's hidden personal ties to an alleged foreign spy permanently derail the world's leading artificial intelligence company?
How did a trillion-dollar tech giant miss red flags about billions in AI chips potentially being smuggled through empty shell offices?
Nvidia’s $1.7 Trillion Meltdown: Jensen Huang’s Scandal, Board Ouster, and the Global AI Shockwave
Overview
In November 2026, Nvidia CEO Jensen Huang’s public admission of multiple affairs—including one with a Chinese national later identified as a spy—set off a chain reaction of internal governance crises, national security investigations, and boardroom turmoil. As U.S. authorities probed illegal chip exports to China, Nvidia’s board forced Huang to resign, triggering a $490 billion market value loss and widespread Wall Street downgrades. While rivals like AMD surged, Nvidia’s partners and suppliers suffered steep declines. Congress accelerated new export control laws, and Silicon Valley companies rushed to tighten executive compliance and counter-espionage protocols, reshaping the global tech landscape.