Suspicion of deception at Nvidia: Jensen Huang lied to management about affair with Chinese businesswoman

Reuters reports that Jensen Huang, former CEO of Nvidia, misled the company's management regarding his relationship with businesswoman Alice Huang, suspected of being a Chinese spy. Huang claimed the meetings were purely business, but in fact he was having an affair. The revelation led to his dramatic resignation and a drop of over 30% in the company's stock.

Reuters news agency reports that Jensen Huang, the former CEO and founder of chip giant Nvidia, systematically misled the company's management about the nature of his relationship with businesswoman Alice Huang, suspected of being a Chinese spy. According to internal correspondence, Huang told executives the meetings were routine business interactions only, while in fact he was having an extramarital affair. This revelation led to his dramatic resignation over the weekend and a public apology. After the affair was exposed, it was revealed that Huang had another affair with a senior Nvidia employee who reported directly to him, and in total he had three extramarital affairs. Since the resignation announcement, Nvidia's stock has fallen more than 30% from its peak on October 6, a loss of over $1.8 trillion in market value.