Jensen Huang admits to infidelity. What was initially thought to be mere gossip has now sent shockwaves through the tech sector and stock markets~ On Sunday night, NVIDIA released a company-wide letter. In it, Huang wrote: “I was unfaithful to my wife. My actions have hurt her and our children. There are no excuses, and I am deeply sorry.” But three points must be clarified. First, he admitted to an extramarital affair. The letter did not name Alice Huang, nor did he admit to espionage or leaking information. Second, on the same day, NVIDIA’s board announced it had initiated an independent investigation, led by independent directors and external legal counsel, to determine whether Huang was targeted by foreign intelligence operations. The board stated there is currently no reason to believe that U.S. national security or NVIDIA’s confidential information has been compromised. Huang remains CEO and is cooperating with the investigation. Third, prior to this letter, NVIDIA’s official stance had been that meeting with clients is normal. That stance has now changed. Then came the market reaction. At 6:00 PM Eastern Time on Sunday, as futures opened, S&P futures first dropped; by 6:01 PM, the implied loss reached $300 billion; by 6:07 PM, it fully recovered and turned positive, gaining $350 billion. In seven minutes, $650 billion flipped back and forth. Do not attribute all $650 billion to the scandal. The initial drop was a knee-jerk reaction; the recovery within seven minutes was due to buyers stepping in. The market absorbed the scandal itself within seven minutes—the real unresolved issue is the outcome of the investigation. Who is Alice Huang? She is Chinese nationals. Her background is varied: former reporter for Hunan TV and CCTV; worked at HSBC and CITIC Securities; held senior positions at Shanghai Hexi Investment; later joined Singapore-based Megaspeed as an executive. Megaspeed is a NVIDIA customer. Between June 2024 and February 2026, its Malaysian affiliate purchased at least $4.8 billion in NVIDIA equipment—approximately 136,000 GPUs. U.S. intelligence agencies claim she was recruited by China’s Ministry of State Security with the goal of obtaining NVIDIA chip information and export policies toward China. But this remains only an allegation by intelligence agencies—not a court-established fact. She has not been charged. In 2025, Singapore authorities questioned her and then released her; her current whereabouts are unknown. A South Korean blogger calculated last night: If a divorce were to occur, Huang’s net worth is approximately $162.2 billion, with about 3.5% ownership in NVIDIA. Married since 1985 with no prenuptial agreement, under California’s community property laws, half would be roughly $81.1 billion—far exceeding the asset divisions in the divorces of Bezos or Gates. But no one is currently mentioning divorce; this remains purely hypothetical. Moving forward, investors and the public will watch three key dates: November 11: Deadline for his congressional letter November 17: NVIDIA’s earnings report November 18: Closed-door briefing. No timeline has been given for the investigation. Ultimately, the most significant aspect of this story is not the infidelity—it’s how a person targeted by intelligence agencies came to be so closely connected to the CEO of the world’s most critical chip company. $NVDA