Nvidia's board of directors has opened an independent investigation into news reports that Chief Executive Jensen Huang was the target of a foreign intelligence effort, the company said on Sunday, Nov. 8. The review follows an Oct. 29 New York Times report, based on anonymous sources, about U.S. officials' suspicions concerning Alice Huang, a former executive of Singapore-based Nvidia customer Megaspeed.

The step is the most significant corporate response so far in a story that Capital Times reported last week, when three House committee chairs asked Huang for a closed-door briefing on Nov. 18. Neither Jensen Huang nor Alice Huang has been charged with any wrongdoing, and the two are not related, Al Jazeera reported.

What Nvidia's board said

A committee of independent directors, working with outside independent counsel, will oversee the investigation, the board said in a statement. It said it prioritizes U.S. national and economic security and has no reason to believe that national security or Nvidia's proprietary information was compromised, but that the review will examine all available information. The board said Huang supports the review and has committed to cooperating, and that it has confidence in him and his leadership team. It said it would provide updates as appropriate.

Huang's message to employees

In a message to employees published by Nvidia the same day, Huang wrote: "I was unfaithful to my wife." He added: "I owe my family and all of you an apology." He did not name Alice Huang in the message, according to TechCrunch. On the investigation he wrote, "I support the investigation and will cooperate fully," and said, "I am fully committed to NVIDIA and will work to earn back your confidence."

Huang has previously described his dealings with Alice Huang as business related to Megaspeed. In late October he told Bloomberg News they were "completely normal and not unusual," Al Jazeera reported. Nvidia has said diversion allegations against Megaspeed were "thoroughly investigated and debunked last year," according to The Hill.

Market and political reaction

Nvidia shares fell more than 5% on Monday, Nov. 9, according to the Associated Press, as cited by TechCrunch. Al Jazeera reported the stock fell more than 4% in overnight trading into Monday. Chris Beauchamp of IG Group told Al Jazeera the reports "deal a blow" to Huang's reputation, but said it was too early to call it a turning point.

TechCrunch reported that Huang withdrew from the ElevenLabs Summit and an Anthropic CEO forum. Al Jazeera reported that his daughter Madison, who also works at Nvidia, cancelled a planned trip to South Korea for an Nvidia AI event.

President Donald Trump called Huang "a fine person" and said he should remain CEO, TechCrunch reported. China's Foreign Ministry spokesperson Guo Jiakun on Monday called the "so-called Chinese spy narrative" unsubstantiated and "nothing but smears against China," Al Jazeera reported. Senator Elizabeth Warren has demanded answers from Nvidia, according to Al Jazeera.

New reporting on Megaspeed and related companies

The Information reported on Nov. 9 that Alice Huang's family built a network of companies in China and Singapore to buy Nvidia chips, TechCrunch said. Bloomberg reported that Nvidia's general counsel, Tim Teter, contacted a senior Commerce Department official during a 2025 U.S. probe of Megaspeed, according to TechCrunch. The Times has reported that Megaspeed bought about $4.8 billion of Nvidia equipment, Al Jazeera said. These reports have not been independently confirmed by Capital Times. Alice Huang has not responded publicly, Al Jazeera reported.

What comes next

Neither Nvidia nor the committees had publicly said by Tuesday whether Huang will attend the Nov. 18 briefing; the chairs had set Nov. 11 as the deadline for a reply. The board has not given a timeline for its findings.