Nvidia's Huang Admitted Affair on Nov 8 as Board Probes Spy Claims

Nvidia CEO Jensen Huang admitted on November 8 that he had an affair, and the company's board has launched an independent investigation into whether foreign intelligence targeted him.

The admission came days after The New York Times reported on his close relationship with Alice Huang, an executive at the Singaporean data center company Megaspeed. US officials believe she was passing information to Beijing, per the Times. Huang, 63, made the admission in an internal letter to Nvidia staff on Sunday, saying there was no excuse for his actions.

Nvidia's stock closed down more than 4% on Monday following the admission. The stock had already taken a hit the week before, after a widespread Democratic win in the US midterms triggered a major tech sell-off.

How did Nvidia first respond?

Following the Times' initial story in late October, Nvidia characterized Jensen Huang and Alice Huang's interactions as routine business. Megaspeed, established in 2023, is an Nvidia customer and a spinoff of the Chinese company 7Road Holdings.

Little is known about Alice Huang, identified as Huang Le in Singapore corporate filings. The Times reported she previously worked at a Shanghai-based investment fund that backed 7Road.

Despite the "routine business" framing, the pair have been seen together several times in recent years, at conference after-parties and often surrounded by other tech executives.

What do the photos show?

Their first public sighting came in June 2024, at an after-party following Computex 2024, Taiwan's annual computer and tech trade show. Software company NetThunder shared a picture on LinkedIn of the two at a bar with other technology executives, writing that they were raising their drinks to the "seemingly endless possibilities enabled through AI."

They were photographed again in Taipei in May 2025, at a dinner on the sidelines of Computex 2025, where Huang delivered a keynote. Footage from Taiwanese broadcaster CTI, released November 9, 2026, showed the pair on May 22, 2025, exiting San Liu Shi Fu, an upscale reservation-only Taipei restaurant specializing in Shanghainese and Cantonese cuisine. Local media reported Huang has visited the restaurant multiple times.

Footage from local news outlet SETHN News Network showed Jensen Huang leaving with to-go bags of "chao mian," a stir-fried noodle dish, which he handed out to the crowd outside. Alice Huang exited with him and stood in the background while Huang signed autographs.

What did Alice Huang post herself?

Alice Huang also shared photos of the two on WeChat, the Chinese social media platform. Hong Kong-based news agency EyePress, a Reuters content partner, obtained the images from her feed.

One photo shows the pair sitting on a sculpture identified by a placard as the "Friendship Bench" by artist John Kennedy. Another shows them standing together on a lawn. It's unclear where or when the WeChat photos were taken, and Business Insider was unable to independently verify their authenticity.

What happens next?

In his memo to staff, Huang apologized to colleagues, Nvidia's board, partners and shareholders, saying they deserved better from him. He also apologized to his wife Lori Huang and their children.

Huang said in the memo that he loves the US and Nvidia and is "committed to protecting Nvidia and supporting America's national security." The board's independent probe into whether its CEO was targeted by a foreign intelligence operation will now determine whether the personal scandal becomes a governance crisis at the world's dominant AI chipmaker.