Nvidia CEO Jensen Huang’s relationship with Chinese spy Alice Huang has caused the company’s market value to drop by 4.27 percent. In addition, Jensen Huang’s net worth has also fallen by around Rs. 740 crore, which has become a topic of discussion.
The controversy surrounding Jensen Huang, the CEO of the world’s largest AI company, has drawn global attention. The United States is planning to investigate the matter.
A woman named Alice Huang, who was close to Jensen Huang, is said to have been involved in gathering information for China. She had worked as a television journalist in China and later took up a senior executive role at Megaspeed, a Singapore-based data center company.
It is noteworthy that this company, which has emerged as Nvidia’s key customer in Southeast Asia, has purchased chips worth about $4.8 billion from Nvidia in just the past two years.
The issue has gained significance amid the United States imposing various export restrictions on Nvidia’s advanced semiconductor chips, which stand at the center of the AI technology race, in an effort to curb China.
Jensen Huang has also issued an apology regarding this. However, Jensen Huang has assured that he has done nothing wrong in terms of national security. He has also said that he will fully cooperate with the investigation into this matter.
Due to this controversy, Nvidia’s shares fell by 7.97 percent today (Nov. 10). It is noteworthy that Jensen Huang holds 3.5% to 4% of Nvidia’s shares.
According to Forbes magazine’s estimate, Jensen Huang’s shares have fallen by 7.4 billion US dollars (Rs. 740 crore in Indian currency). In other words, his wealth has dropped from 162.2 billion to 154.7 billion, pushing him down from 8th to 10th place on the billionaire list.
Intelligence agencies have said that he collected secret information for China. A controversy has erupted over claims that not only corporate information but also national security-related information was shared. An investigation is set to be conducted into this.
The Chinese Foreign Minister has firmly denied the espionage allegations involving Nvidia CEO Jensen Huang, saying they are completely baseless and amount to a smear campaign against them.
CNN reports on Jensen Huang and his extramarital affair partner Alice Huang...Note the language Financial Times uses: ‘romantic relationship’… pic.twitter.com/M45Nt5Iabq
— luke (@realLuke007) November 8, 2026
