We all know that Jensen Huang was caught cheating on his wife with, allegedly, a Chinese spy. He admitted it himself with an email to all his staff, and now he is being investigated by Nvidia's board.
As of writing this article, the New York Times published a new investigative article reporting a second affair, and now the board is looking for ways to oust Jensen, immediately.
And now it is being revealed that Donald Trump knew about the relationship for a while, allegedly he was briefed on the intelligence a year ago. The New York Times had an article in October 2025, reporting a suspicious friendship between Jensen Huang and Alice Huang, and it seems no one ever followed up on that story, until now.
In the meantime Nvidia stock dropped by 4% in the last 2 days, and after the second affair was revealed it dropped by nearly 8% in after-hours trading. Losing a staggering of a total of $1 trillion in value.
On the other side politicians like Donald Trump are saying that "He is an honorable guy and he probably has an excuse" and then he called him to see if he is feeling alright. Jensen told him he had no idea that the person in question was a spy, and that he believes him.
It is estimated that 20% of Nvidia's revenue comes from smuggling GPUs to China, while pretending to allow the Chinese government to rent GPUs from countries like Singapore, Malaysia and Indonesia.
It is reported that Huang was pushing the American government to lift sanctions for quite a while now, with the excuse that they need to help the Chinese to build AI with their hardware to avoid them reverse engineering their work. In reality now people are starting to believe he was influenced by Alice Huang.
There are also reports of staged datacenters, while the real cards were shipped to China. China is denying all these allegations calling them unsubstantiated.
What surprised me is not that it happened but that it was not a secret, and it was suspected for a while and now that it became public, and as the story unfolds it involves more and more people. So here is what I personally believe, without any proof, obviously. I believe Trump knowingly was trying to manufacture an enemy, as an excuse not to regulate the AI industry. He found the perfect opportunity by helping Jensen Huang give the Chinese a good, but controlled, footing in the AI race. This way, he can scare people that China might reach ASI (artificial superintelligence) before the Americans do, without lying, which is exactly the argument used against any AI regulation.