US intelligence officials believe Alice Huang, an executive at the Singaporean data center company Megaspeed, was recruited to gather information for Beijing. Megaspeed, established in 2023, is an Nvidia customer and a spinoff of the Chinese company 7Road Holdings. Following the initial reports in late October, Nvidia had characterized the interactions between Jensen Huang and Alice Huang as routine business. However, public records and media reports indicate the pair have been seen together multiple times in recent years, including at conference after-parties and dinners in Taipei, Taiwan.
In his memo to employees, Jensen Huang apologized for being “unfaithful” and stated his support for the board’s inquiry, citing national security concerns. “I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security,” Huang wrote. The admission comes at a critical time for the semiconductor giant, which has led the generative AI boom and reached the status of the world’s most valuable company under Huang’s leadership since its founding in 1993.
The scandal has had immediate financial repercussions for the company and its investors. Nvidia stock experienced significant volatility on Monday, plunging as much as 9% before closing approximately 4% lower at $178.67. This decline briefly erased about $13 billion in value from Huang’s personal holdings, leaving them worth approximately $138 billion as of Monday morning. The incident has sparked widespread debate on social media platforms, including Weibo in China, where users have discussed the potential financial implications of a divorce and the broader risks posed by executive conduct in the AI industry.
Details regarding Alice Huang remain limited, though Singapore corporate filings identify her as Huang Le. According to The New York Times, she previously worked at a Shanghai-based investment fund that backed 7Road. The earliest publicly known interaction between the two was photographed in June 2024 at an after-party following the Computex trade show in Taipei. A separate video from May 2025 shows the pair attending a dinner in Taipei. The Nvidia board’s investigation is expected to determine the extent of any information leakage and assess whether Huang was actively targeted by foreign state actors.
