Nvidia CEO admits affair with suspected Chinese spy

Jensen Huang, the world's most powerful AI executive, admitted on Sunday to an affair with a businesswoman who’s suspected of being a Chinese spy.

The revelation by Nvidia’s CEO came hours before the company launched an independent investigation into his relationship with MegaSpeed executive Alice Huang (no relation).

Who is Alice Huang?

While official public information is sparse, Alice reportedly worked as a TV reporter for Chinese state media nearly two decades ago, then moved to working for Chinese financial companies and London-based HSBC through the early 2020s.

• Around early 2023, she moved to MegaSpeed, which advertises itself as a cloud provider of Nvidia hardware for the Asia-Pacific region.
• MegaSpeed connects companies that develop AI hardware, like Nvidia, to companies that need AI computing power, like Chinese tech giant Alibaba (an early customer).

MegaSpeed’s Chinese ties have drawn suspicion. In late 2024, the US Commerce Department began investigating whether MegaSpeed was being used as a potential backdoor to funnel America’s most coveted AI chips from Nvidia into Chinese hands. That investigation was reportedly handed over this year to the Justice Department.

How does Jensen Huang fit in?

It is unclear exactly when Alice first met Jensen. But a WSJ report places their first professional meeting in early 2024, when Alice represented MegaSpeed at an annual Nvidia event in California. The two were later photographed together in May 2025 pecking each other on the cheek after dining with other tech executives.

Their relationship was allegedly a calculated move. In late October, the NY Times reported that US spy agencies believe Alice Huang was a Chinese intelligence asset who funneled information to Beijing.

• President Trump was reportedly briefed on the situation roughly a year ago, while Secretary of State Marco Rubio reportedly drafted a top-secret memo this past spring warning top Trump admin officials that Jensen was in a close relationship with a Chinese spy.
• According to the NYT, Alice was specifically recruited by a Chinese spy agency to collect intelligence on Jensen and potentially influence Nvidia to push for Chinese access to its most advanced chips.

Jensen is no stranger to that argument. Since 2023, the Nvidia CEO and other top chip executives have consistently asked the US gov’t to loosen restrictions on selling advanced chips to China. Jensen and others say keeping Beijing dependent on American chips would strengthen US competitiveness, and prevent China from developing their own more advanced chips.

The market reacts

Nvidia shares closed 4.2% lower in its first trading day since the news, losing nearly $200 billion in market value on a day where all three major US stock indexes surged more than 2%.