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Huang acknowledged infidelity in a staff email before Monday’s decline. Trump has offered reassurance, but his reference to FBI activity leaves the inquiry’s subject unclear.
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The market’s early rebound came as the controversy around Nvidia CEO Jensen Huang remained unresolved: CNBC’s account of an October 29 New York Times report says U.S. officials believed Alice Huang, an executive at Nvidia customer Megaspeed, was passing information to Beijing and possibly steering advanced Nvidia chips to China. Jensen Huang acknowledged an affair and said he had fallen short of his CEO responsibilities. President Trump offered a reassuring comment, but his reference to FBI activity concerned “something else” and does not establish an investigation into these allegations.
Nvidia was up 1.8% at 4:40 a.m. ET on November 10, after closing more than 4% lower on Monday.
The share gain was a premarket snapshot, not a closing result.
Jensen Huang addressed Nvidia employees by email on November 8, acknowledging he had been unfaithful and fallen short of his CEO responsibilities.
Nvidia shares regained some ground before U.S. markets opened on November 10, 2026, following a sharp Monday decline amid allegations surrounding CEO Jensen Huang. The stock was up 1.8% at 4:40 a.m. ET, according to CNBC, after closing more than 4% lower the previous day. The gain was a premarket snapshot, not a closing result.
The controversy reaches back to an October 29 New York Times report. As summarized by CNBC, the Times reported that U.S. officials had concluded Alice Huang was a Chinese intelligence asset passing information to Beijing. The officials also believed she was possibly steering advanced Nvidia AI chips to China.
CNBC identified Alice Huang as an executive at Megaspeed, an Nvidia customer, and reported that Jensen Huang had an affair with her. The relationship placed the allegations at the intersection of Huang’s personal conduct and Nvidia’s dealings with a customer.
On Sunday, November 8, Huang addressed Nvidia employees in an email, CNBC reported. He said he had been “unfaithful” to his wife and had “fallen short” of his responsibilities as CEO. His message acknowledged both a breach of personal trust and a failure to meet his responsibilities as the company’s leader.
President Donald Trump discussed the matter with reporters at the White House on Monday. “I’ve been reading a little bit about it over a period of time, but not too long ago,” he said, according to CNBC.
Trump’s reference to “something else” leaves the subject of the FBI activity unclear; it does not confirm an investigation into the allegations involving Huang.
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