Nvidia's board opened an independent investigation to determine whether its chief executive, Jensen Huang, was the target of a foreign intelligence operation, and the company's stock fell more than 4% in overnight trading toward Monday, November 9, 2026, according to Al Jazeera.
The company, with a market capitalization of 4.5 trillion dollars, is the dominant supplier of chips for artificial intelligence and the second most valuable company in the world, behind only Apple. The allegations emerged from a New York Times investigation published in late October, which reported that U.S. intelligence officials believe Chinese businesswoman Alice Huang was recruited by Beijing to gather information about the executive, according to The Guardian. The case matters to Mexico because the availability and price of AI accelerators depend on Washington's export rules, and Mexican companies deploying data centers and AI services buy along that same chain.
The board said it has no reason to believe that U.S. national security or confidential information has been compromised, and expressed confidence in Huang's leadership, who acknowledged in an internal memo that he had been unfaithful to his wife, Al Jazeera reported. Alice Huang was a senior executive at Megaspeed International, a company that according to the New York Times investigation bought around 4,800 million dollars in equipment from Nvidia. U.S. authorities have been investigating Megaspeed since 2024 on suspicion of having helped China obtain advanced chips, and Chinese foreign ministry spokesperson Guo Jiakun on Monday called the espionage narrative unfounded. President Donald Trump defended Huang and described him as an honorable man.
Republican lawmakers summoned Huang to testify before Congress on November 18, and the board promised updates as the review progresses. The appearance and the course of the inquiry will shape the market's reading of the world's leading AI chipmaker.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.