President Donald Trump stated on Monday that the FBI is looking into Nvidia CEO Jensen Huang following allegations of an affair with a Chinese businesswoman who is suspected of spying for Beijing, Reuters reports.
This news arrives as the company faces significant pressure, with Nvidia shares closing down more than 4% on Monday. The board at Nvidia announced an internal investigation on Sunday to determine if Huang was the target of a foreign intelligence operation.
Huang addressed his staff to confirm he had been unfaithful to his wife, though he did not provide specific details regarding the nature of the relationship. This situation puts a major focus on the future of the 63-year-old executive, who holds a central role in the current AI boom. Huang remains a massive figure in the tech world, often acting like a rock star during his travels in Asia, where he mingles with fans for photos and autographs.
The situation involves Alice Huang, a former executive of the Singapore-based company Megaspeed
US authorities investigated her and concluded that she was an asset for Chinese intelligence. When the story first broke last month, she did not respond to requests for comment, and her current location remains unknown. Chinese Foreign Ministry spokesperson Guo Jiakun dismissed the claims in Beijing, stating, “The so-called Chinese spy narrative is purely a groundless accusation, slander, and a smear.”
President Trump mentioned that he spoke with the CEO, who claimed he had no idea the woman was involved in espionage. “I know the FBI is looking into it,” Trump said. “I think that he’ll be in good shape,” he added.
The president also noted that he “was amazed” by the allegations, given that Huang is one of his closest allies within Silicon Valley. In October, the president presented Huang with the nation’s highest honor for scientific achievement. Interestingly, the president also disclosed that he bought up to $1.6 million and sold up to $1 million of Nvidia shares over the summer.
Investors reacted quickly to the uncertainty, and a proposed class action lawsuit was filed against Huang and the company on Monday. The plaintiffs allege that the leadership defrauded shareholders by keeping the relationship with the suspected spy hidden.
While Wall Street analysts recognize the potential for succession issues, most do not expect the CEO to step down. Bernstein analyst Stacy Rasgon noted, “Nvidia is not an ordinary company and Jensen is not an ordinary CEO; he is Nvidia, clearly sets the long-term strategy and direction, and pulls most of the company’s strings himself.”
Huang maintains a tight grip on his company through a structure where dozens of executives report to him directly. Unlike other major tech firms, Nvidia lacks dual-class shares, meaning Huang does not have majority voting control. This internal power structure is now under the microscope as government officials weigh in.
Democratic leader Hakeem Jeffries stated on Monday that Congress needs more answers and pushed for the House to pass a defense bill that restricts chip sales to China. Lawmakers and advocates believe this situation makes it more likely that Congress will tighten access to AI chips for Chinese entities.
Published: Nov 10, 2026 12:30 pm