China rejects ‘baseless’ claims it spied on Nvidia boss

As of November 9, 2026, Nvidia's board initiated an independent investigation into CEO Jensen Huang following reports that he was targeted by a foreign intelligence operation involving an extramarital affair with Alice Huang, a suspected Chinese spy. The affair and potential security breach were reported by the New York Times and Financial Times, leading to significant concerns from US Congress, which requested Huang's testimony regarding Nvidia’s security protocols against espionage. Nvidia shares dropped about 6% on November 9, reflecting market anxiety over possible national security implications and corporate risks.

The investigation will be conducted by an independent committee with outside legal counsel. Though the company maintains it has no reason to believe its secrets or US national security were compromised, the probe aims to thoroughly examine all available information. China’s foreign ministry denied any involvement in a honey trap operation targeting Huang.