Nvidia CEO's affair with suspected spy triggers $190B stock drop

Nvidia CEO Jensen Huang has admitted to an extramarital affair with Alice Huang, a Chinese businesswoman suspected by US intelligence of ties to Chinese espionage, triggering an independent company investigation and a nearly $190 billion stock market value loss. The affair became a national security concern because Alice Huang is linked to Megaspeed International, a Singapore firm under investigation for potentially diverting advanced Nvidia chips to China. Nvidia's board has launched an independent probe, while Huang apologized to employees and his wife, Lori, and denied knowing of any intelligence connections. President Donald Trump has publicly defended Huang, and tech leaders like Elon Musk have voiced support. The scandal adds governance risk to Nvidia, which reported record revenue of $215.9 billion in fiscal 2026, amid ongoing US-China tensions over semiconductor export controls.