The internal probe has intensified scrutiny on Huang, who is widely regarded as the central figure behind the artificial intelligence boom and the most prolific salesman in the sector. In an address to Nvidia employees, Huang acknowledged that he had been unfaithful to his wife but did not disclose specific details regarding the nature of the relationship. The fallout from the investigation has extended to corporate operations; Madison Huang, Jensen Huang’s daughter and an Nvidia executive, cancelled a planned visit to Seoul for an Nvidia conference scheduled to begin on Monday. Companies in South Korea that were set to meet with her confirmed the cancellation.
Market analysts suggest the immediate price drop reflects investor uncertainty rather than a fundamental shift in the company’s trajectory. Chris Weston, head of research at brokerage Pepperstone, noted that while the situation does “no favours to the stock” during a period of high conjecture regarding data center buildouts, he does not believe Huang will be replaced. “If we genuinely thought he was going to step down … the stock would be down — it would be an absolute bloodbath, to be honest,” Weston said. He described Huang as the “godfather of AI,” emphasizing his critical role in the industry.
US President Donald Trump also addressed the allegations, defending the Nvidia chief. Trump stated that he had not spoken to Huang about the specific reports but characterized him as an “honorable guy” and a “fine person.” “He’s done such an incredible job, so I would certainly hope that [everything is fine], he’s a fine person, in my opinion,” Trump said. When asked if he regretted not acting on intelligence earlier, Trump replied, “I think he probably has an excuse for it.” The New York Times first reported the relationship last month, noting that Alice Huang did not respond to requests for comment at the time.
Nvidia remains the world’s most valuable chipmaker, with a market capitalization of approximately $4.5 trillion as of November 8, 2026. The company’s chips are foundational to major AI models, including those from OpenAI and Google. The investigation is currently internal, and no regulatory action or confirmed breach of company data has been reported. The next significant milestone for the company will be the outcome of this internal probe and the resumption of its scheduled corporate engagements in Asia.
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