- A report on October 29 said US intelligence concluded that Alice Huang, a senior Megaspeed executive, gathered information for Beijing while building a close relationship with Jensen Huang.
- The claim rests on anonymous US officials, no charges have been reported, and the report accuses Jensen Huang of nothing.
- NVDA closed at $213.66 on October 29, down 0.8%, then fell to $210.09 after hours amid a broad tech sell-off.
- Megaspeed's Malaysian sister company reportedly spent at least $4.8 billion on NVIDIA-based equipment from June 2024 to February 2026, raising export control scrutiny.
- NVIDIA guidance of $108.0 billion for Q3 fiscal 2027 already excludes Data Center compute revenue from China, so direct revenue exposure is small.
- Sen. Elizabeth Warren called on Huang and NVIDIA's board to answer to Congress and called for bipartisan legislation to keep advanced AI technology out of China.
- The Justice Department is separately asking antitrust questions about NVIDIA's planned Hugging Face acquisition.
Quotes
“Jensen talks with thousands of customer executives every year.”
“were thoroughly investigated and debunked last year”
“studied all their deployments of our GPUs and counted every one”
“Huang and NVIDIA’s board owe Congress answers”