Nvidia hires Wachtell to probe CEO Huang amid spy allegations
The chipmaker appointed a top US law firm to investigate claims its chief executive had an affair with an alleged Chinese spy.
The chipmaker appointed a top US law firm to investigate claims its chief executive had an affair with an alleged Chinese spy. Published 2026-11-11 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Nvidia appointed Wachtell, Lipton, Rosen & Katz to conduct an independent investigation into allegations that CEO Jensen Huang had an affair with a woman believed to be a spy for China. The company lost $500 billion in market value as the allegations gained traction.
Probe led by former prosecutor
Nvidia’s independent directors engaged the law firm to carry out a thorough and independent review. The investigation will be led by Joon H. Kim, a former Manhattan federal prosecutor, who is tasked with examining the allegations surrounding the CEO’s relationship with Alice Huang, a Chinese executive.
The appointment follows reports that Jensen Huang had an affair with a woman believed to be a spy for China. The company stated the inquiry would be conducted independently, even as the FBI conducts its own investigation into the matter.
Market value takes hit
The news weighed heavily on the stock, with reports indicating the company lost $500 billion in market value. The fall reflects investor concern over the potential governance and reputational risks associated with the CEO’s personal conduct.
Reports did not specify a percentage drop in the latest session beyond the announcement of the probe. The company has not released a detailed statement on the findings, as the investigation is in its early stages.