Nvidia shares fell 22%, hit a low of $172: Impact of Huang’s confession of affair with Chinese woman, America suspects spying

The company’s shares have fallen by 5% in a day after Nvidia’s co-founder and CEO Jensen Huang confessed to an affair with a Chinese businesswoman.

As soon as Wall Street opened on November 9, shares of Nvidia, the world’s largest maker of AI chips, fell to a multi-month low of $172.37.

Talking about the last one month, the shares of the company have fallen by more than 22%. During this period the value of each share has decreased by $56.91. On October 9, it was $229.28.

There is selling pressure on the shares due to uncertainty among investors about the company’s leadership and future. At the same time, Nvidia’s board has started investigating the matter.

Nvidia CEO Jensen Huang and Chinese woman Alice Huang during dinner in Taiwan. This meeting took place in May 2025. This video was captured by local media.

The woman standing with Nvidia CEO Jensen Huang is said to be Alice Huang.

Board starts investigation, Huang will remain as CEO

Nvidia’s board has formed a committee of independent lawyers to investigate the matter. The company says that there has been no indication of security or data leakage, yet investigation is being done to know the whole truth. Huang is cooperating fully and will remain in office.

CEO Huang admitted his mistake and apologized to his employees.

Nvidia CEO Jensen Huang sent a letter to employees confessing to his wife’s infidelity and apologizing to his family and employees.

He wrote, Managing the company has been the biggest thing in my life. It was my responsibility to live up to your expectations and trust, but I have made a mistake.

A New York Times report was revealed

The relationship was revealed in a New York Times report on October 29. It was reported that Jensen Huang’s relationship with Alice Huang, a Chinese citizen and business executive associated with Singapore-based data center company MegaSpeed, had deepened.

• Suspecting espionage: American intelligence agencies suspect that this woman was spying for China. It is alleged that he tried to get important information related to the company and its business by becoming close to Huang.
• China denies the allegations: China’s Foreign Ministry spokesperson Guo Jiakun rejected these allegations and said, ‘The claims of the Chinese spy are completely baseless and it is nothing but a conspiracy to defame China.

Huang and Ellis were seen together in Taiwan

According to the New York Times, Jensen Huang and Alice Huang were first seen together in June 2024 during a party in Taipei, the capital of Taiwan.

This party was organized for people associated with technology. Alice had joined there as an officer of Singapore company Megaspeed.

Jensen Huang attended a party in Taipei. Here he is seen with Megaspeed executive Alice Huang (circled in red). Photo- June 2024

About a year later, both of them were seen having dinner with other businessmen at a restaurant in Taipei.

Jensen Huang (on the left, back to the camera) and Chinese businessman Alice Huang (on the right) at a restaurant in Taiwan. Photo- 22 May 2025

Alice was earlier a reporter in China, now an officer in a Singapore company

According to Ellis’s online profile, he worked as a TV reporter in China. Institutions like HSBC, CCTV and Hunan TV were also mentioned in his profile. However, this information has not been independently verified.

Later she joined an investment fund in Shanghai. This fund is said to have links with many Chinese technology companies and investors.

After this, Ellis became a senior executive at Megaspeed International, a Singapore data center company. The company operates data centers in Southeast Asia and rents computer capacity to other companies. This capability is used to process large amounts of data and run AI systems.

Alice Huang (Huang Le) shared these photos on her WeChat account. It seems that she wanted to show off her close relationship with Jensen Huang and let people know that the two have a special relationship. Source- @vivilinsv/X

Jensen started Nvidia in 1993

63-year-old Jensen Huang started Nvidia in 1993. The company initially worked on making graphics chips for computers. Later, with the increasing demand for AI, its business grew rapidly and it became one of the most valuable companies in the world.

Huang’s family is also associated with the company. His son Spencer is the Product Management Director in the company and handles work related to robotics. Daughter Madison is the senior director. She looks after the marketing and promotion of the company along with robotics. His son-in-law, Nico Caprese, is in the company’s business development team.

Jensen married Lori in 1985. Both of them met while studying at Oregon State University. Huang has said many times that his wife supported him in setting up Nvidia.

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