Shockwaves continue to reverberate across Silicon Valley, Wall Street, and global technology hubs—including Bengaluru, Hyderabad, Pune, and New Delhi—following fresh revelations that former Nvidia CEO Jensen Huang repeatedly misled senior company executives to conceal his extramarital relationship with Chinese businesswoman Alice Huang. According to internal corporate correspondence reviewed by Reuters and corroborated by two people familiar with the matter, Jensen Huang explicitly assured top Nvidia leaders—including General Counsel Tim Teter and Chief Marketing Officer Alison Wagonfeld—that his interactions with Alice Huang were strictly routine business dealings with a major customer. The disclosure adds a damaging governance dimension to the scandal that forced the 63-year-old co-founder to step down on Thursday, November 12, 2026, as President, Chief Executive Officer, and board member after more than three decades at the helm of the artificial intelligence chipmaker.

How Jensen Huang Kept Top Nvidia Leaders in the Dark

Sources familiar with Nvidia’s internal communications told Reuters that Jensen Huang addressed questions from senior leadership regarding his association with Alice Huang on at least two separate occasions—first during the autumn of 2025 and again in October 2026, after media inquiries brought the relationship to the attention of company executives. On both occasions, he insisted that his interactions with her were entirely appropriate and professional.

In two separate messages sent in October 2026 to General Counsel Tim Teter and Chief Marketing Officer Alison Wagonfeld, Jensen Huang characterized his meetings and exchanges with Alice Huang as part of standard commercial engagement with a client. In parallel communications, he similarly described his dealings with her Singapore-based firm, Megaspeed International, as routine customer outreach. Insiders noted that an opaque, founder-centric reporting structure—internally referred to as "Jensen by design"—further insulated his personal travel and meetings from routine board scrutiny until external investigations broke open.

Resignation, Apology, and the Megaspeed Espionage Investigation

The revelations come on the heels of Jensen Huang’s abrupt resignation on Thursday, November 12, 2026, ending a 33-year tenure during which he transformed Nvidia from a graphics chipmaker into the undisputed engine of the global AI boom. Following his exit, Nvidia’s board appointed Executive Vice President and Chief Financial Officer Colette Kress as interim CEO while initiating a formal search for a permanent successor.

Earlier, on Sunday, November 8, 2026, as initial press reports surfaced, Huang issued a letter to Nvidia employees apologizing for being unfaithful to his wife and expressing deep regret for disappointing the company and breaching the trust of his family and colleagues. While he did not mention Alice Huang by name in his apology, the controversy centers heavily on her background. Alice Huang—who shares the same surname as Jensen Huang but is not related to him—is a former senior executive and controller at Megaspeed International, a Singaporean cloud-computing customer of Nvidia. United States intelligence and national security officials have been investigating suspicions that Chinese intelligence recruited Alice Huang to target the Nvidia chief and potentially facilitate the diversion of restricted advanced AI chips to China in violation of U.S. export controls—allegations both Beijing and Megaspeed have denied, though Singapore authorities have separately barred Alice Huang from re-entering the city-state amid an ongoing corporate probe.

Multiple Internal Affairs Compound Governance Embarrassment

What initially began as a national security inquiry rapidly snowballed into a broader corporate governance crisis as additional workplace relationships came to light. Earlier in the week, The New York Times reported that Jensen Huang had also engaged in an extramarital affair with a senior Nvidia executive, Vice President of Healthcare Kimberly Powell. On Thursday—the very day his resignation was announced—Reuters exclusively reported that Huang had also been involved in a third undisclosed intimate relationship with another Nvidia employee.

Market Rout Wipes Out Trillions and Congressional Testimony Looms

Previously, in a Bloomberg interview published on October 29, 2026, Jensen Huang had maintained that the U.S. government had never informed him of any espionage suspicions surrounding Alice Huang. However, the combination of geopolitical risk, shareholder lawsuits, and undisclosed executive relationships has triggered a historic sell-off on Wall Street. Since closing at an all-time peak on October 6, 2026, Nvidia’s share price has plunged more than 30 percent, erasing well over $1.8 trillion in market capitalization.

Now stripped of his executive roles and facing an independent board investigation led by former acting U.S. Attorney Joon H. Kim of Wachtell, Lipton, Rosen & Katz, Jensen Huang has also agreed to appear before the United States Congress later this month to answer lawmakers’ questions regarding export controls, Megaspeed, and national security safeguards—marking one of the most dramatic falls from grace in modern corporate history.