Compiled by: Sam, Techub News
Source: Bloomberg, Reuters and related public documents
“Investigation involves reports related to foreign intelligence activities; the board states that there is currently no reason to believe national security or company secrets have been compromised.”
Introduction
According to Bloomberg, Nvidia CEO Jensen Huang admitted to having an extramarital affair in a memo to employees on November 8 local time. On the same day, Nvidia's board announced the launch of an independent investigation into reports of Huang being a target of foreign intelligence activities. The board stated that there is currently no reason to believe that U.S. national security or Nvidia's secrets have been compromised.
Huang stated that he would fully cooperate with the investigation. Reuters quoted Nvidia's response stating that he would continue to serve as CEO and lead the company.
Investigation arrangements and responses from all parties
Nvidia stated in its November 8 announcement that the investigation would be overseen by a committee of independent directors and assisted by external independent legal advisors to review all available information. The board expressed confidence in Huang and his leadership team and would provide further updates at the appropriate time. The statement did not disclose a timeline for the completion of the investigation.
According to Bloomberg, the U.S. government suspects Alice Huang, a former executive at Megaspeed International, was recruited by a Chinese intelligence agency. The concerns raised in the reports are related to her interactions with Jensen Huang. Jensen Huang previously stated that their relationship was a normal business relationship.
Chinese Foreign Ministry spokesperson Guo Jiajun stated on October 30 in response to related intelligence reports: “The reports are baseless and purely smearing against China.”
In Jensen Huang's publicly released employee memo, the specific circumstances of this relationship were not disclosed, nor did he acknowledge leaking company secrets or participating in intelligence activities. In the letter, he admitted to infidelity, apologized to his family and colleagues, and stated he would work to regain trust.
The Chairpersons of the U.S. House Foreign Affairs Committee, the Special Committee on China, and the Permanent Select Committee on Intelligence, in a joint letter dated November 4, requested Huang to attend a joint closed-door briefing on November 18 and confirm the date by November 11 or propose other dates during congressional sessions. The letter requested clarification on the company’s security measures and Huang's interactions with relevant persons.
Additionally, according to Bloomberg, U.S. President Trump responded affirmatively on November 8 when asked if Jensen Huang should continue to lead Nvidia. He also stated that he had not yet discussed the allegations with Huang.
Succession arrangements and key person risks
Bloomberg reported that Nvidia has not publicly disclosed its succession plan. The company's organizational arrangements emphasize that managers reporting directly to Jensen Huang quickly implement his decisions.
Bloomberg quoted Bernstein analyst Stacy Rasgon’s report stating that this disclosure highlights the “key person risk” Nvidia faces. Rasgon believes that Huang plays a central role in the company's long-term strategy and direction and is personally involved in a large number of operational affairs.
Business with China and market reactions
Reuters reported that Megaspeed, headquartered in Singapore, is a customer of Nvidia, and the U.S. scrutiny of the company involves whether it assisted China in acquiring advanced artificial intelligence chips subject to export restrictions. Reuters reported on November 9 that Megaspeed did not immediately respond to requests for comment.
Regarding business with China, Bloomberg reported that Jensen Huang has long advocated for selling more Nvidia AI processors to the Chinese market. He believes that continuing to serve the Chinese market helps American companies' products maintain an important position in AI development.
The Business Times published a Bloomberg report on November 9 at 07:59 (Singapore time) documenting that following the announcement, the price of a perpetual contract tracking Nvidia's stock on Hyperliquid fell by about 2.9%. This number corresponds to the price change of that contract.
On November 9, Reuters reported that the trading of Nvidia's unconventional stock during off-hours on Blue Ocean systems and the prices of perpetual contracts tracking Nvidia's stock on Hyperliquid were both around $180.30, approximately 3.4% lower than last Friday’s Nasdaq closing price of $186.64. This data corresponds to the quotes at the time of the Reuters report and pertains to stock and derivative trading, not reflecting Nvidia's performance or closing results during regular trading hours on Monday.
The same Reuters report quoted South Korea's Deputy Minister of Science and Technology stating that the South Korean government expects that the issues currently faced by Nvidia will not affect the delivery of the contracted graphics processing units (GPUs).
Appendix: Full Text Translation of Jensen Huang's Memo to Employees
The original title was “A Message to Our Company,” published on Nvidia’s official website on November 8, 2026.
I should apologize to my family and to all of you.
I have been unfaithful to my wife. My actions have hurt her and our children. There is no excuse for my behavior. I am deeply sorry.
Throughout my life, my family has always given me love and support. They deserve my honesty and loyalty. However, I have let them down and damaged the life we built together. I take full responsibility for my actions and the harm they caused and accept the criticism that comes with it.
To my wife and family: I love you. I know that an apology cannot change what has happened. I hope our family can gradually move past this pain, and I also hope that over time, I can regain your trust.
To my colleagues at Nvidia, including those I have worked with for decades, as well as the board, our partners worldwide, and shareholders: I should have done better to live up to your expectations. Leading Nvidia is the honor of my life. My responsibility is to serve you and not betray your trust. I have not fulfilled this responsibility. I am fully committed to Nvidia and will work hard to regain your trust.
Regarding the national security concerns raised in the news reports, Nvidia's board has initiated an independent investigation. I support this investigation and will fully cooperate. I love our country and company. I am committed to protecting Nvidia and upholding U.S. national security. As an American, I feel proud and grateful.
My family should not be held responsible for my choices. The responsibility is mine. Please respect their privacy.
Jensen Huang
References
2. Nvidia official website: A Message to Our Company (November 8, 2026)
3. Nvidia official website: Statement From NVIDIA Board of Directors (November 8, 2026)
Source Note: This article is based on Nvidia’s public documents, combined with reports from Bloomberg, Reuters, and related official records. Bloomberg’s lengthy report uses the reprint version from The Business Times November 9, 2026, 07:59 (Singapore time); Reuters' report uses the referenced reprint versions. All market data corresponds to the time of the cited reports. Information updated as of November 9, 2026, 14:40 (Beijing/Hong Kong time). The main image uses a portrait of Jensen Huang from Nvidia's official media material, with the accompanying image being the original first page of the House's joint letter.
Disclaimer: This article is for informational reporting only and does not constitute any investment advice.
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