AI-powered contentSome parts of this article are powered by AI.
Share this article
Summary
The board of Nvidia (NVDA) opened an independent investigation on Nov. 8 into reports that CEO Jensen Huang was the target of a foreign intelligence effort.
CNBC cited reports that U.S. intelligence agencies have expressed concerns that Alice Huang, who is affiliated with Nvidia customer Megaspeed, has been passing information to Beijing.
The board said it has no reason to believe national security or Nvidia secrets were compromised, while Nasdaq 100 futures dropped as much as 1% at Monday's open, per Bloomberg.
Gotrade News - Nvidia (NVDA) opened an independent board investigation on Nov. 8 into reports that CEO Jensen Huang was the target of a foreign intelligence effort, the company said. Nasdaq 100 futures dropped as much as 1% at Monday's open, per Bloomberg. Nvidia reports third-quarter earnings on Nov. 17, according to CNBC.
In an email to staff on Sunday, Huang said he had an affair and apologized to his family, CNBC reported. U.S. intelligence agencies have expressed concerns that the woman, Alice Huang, has been passing information to Beijing, according to reports in The New York Times and the Financial Times cited by CNBC.
Regular-session close on November 6, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 7, 2025.
Nvidia (NVDA): Independent Directors and Outside Counsel Lead Probe
According to the statement from Nvidia's board, a committee of independent directors will oversee the investigation with the help of outside independent counsel. The board said it has "no reason to believe" that U.S. national security or Nvidia's secrets were compromised, but that its inquiry will examine all available information.
The board added that Huang fully supports the review and has committed to cooperating, and that it has confidence in him and his leadership team. Separately, an Nvidia spokesperson said Huang was committed to continuing as CEO without interruption, as reported by CNBC.
What Is Megaspeed's Link to the Nvidia Probe?
Megaspeed, which Alice Huang is affiliated with, is an Nvidia customer that has been accused of helping restricted Chinese companies acquire Nvidia AI chips, per CNBC. Nvidia representatives previously said Megaspeed had already been investigated for evading export controls, the outlet reported.
The U.S. restricts exports of Nvidia's most advanced AI chips to China but has approved some older models, and Huang has advocated for broader chip exports, according to CNBC.
Lawmakers Seek Nov. 18 Huang Briefing After Nov. 17 Earnings
Three House Republican committee chairs have asked Huang to sit for a closed-door briefing with lawmakers on Nov. 18, as reported by CNBC. Nvidia reports third-quarter earnings on Nov. 17 and will hold a major conference in Washington, D.C., at the end of the month, the outlet added.
Taiwan Semiconductor (TSM): Taiex Rebounds as Much as 6.7%
Before Asian markets opened, Seeking Alpha reported, citing Bloomberg News, that Asian equities faced renewed selling pressure as the investigation threatened to deepen a global technology stock downturn. Once trading began, equity-index futures for the Nasdaq 100 dropped as much as 1% at the open after Nvidia's board announced the probe, according to Bloomberg.
Asian stocks followed Friday's US gains, Bloomberg reported. Taiwan's Taiex rose as much as 6.7% on Monday, with Taiwan Semiconductor Manufacturing (TSM) and MediaTek each up at least 6%, per Bloomberg.
The rebound followed a steep sell-off last week. The S&P 500 posted its biggest weekly loss since April 2025, and $2.3 trillion was wiped off the value of the Nasdaq 100 on Thursday alone, according to Bloomberg.
"Asian markets are finding their feet again this morning as investors digest the rebound in US tech and the latest headlines around Nvidia's Jensen Huang," said Tim Waterer, chief market analyst at KCM Trade, per Bloomberg. Nvidia's board said it will provide further updates as appropriate.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
