Nvidia CEO Jensen Huang is facing intensified Washington scrutiny after the Financial Times reported that US intelligence assessed he had a romantic relationship with Alice Huang, an executive at Singapore-based Nvidia customer Megaspeed, who was allegedly recruited by China’s Ministry of State Security. No charges have been filed against either person, and the memo cited by the FT has not been published.
The report appeared hours after Nvidia shares closed Friday at $186.64, up 2.78%, before the story was released. The first market test is expected at Monday’s open. Huang had told Bloomberg on October 29 that Nvidia’s dealings with Megaspeed were ‘normal and not unusual’ and that the company had studied all deployments of its GPUs and ‘counted every one.’
Republican House committee chairs Brian Mast, John Moolenaar and Rick Crawford sent a letter dated November 4 seeking a closed-door briefing on November 18 about Nvidia’s security protocols and Huang’s interactions with Alice Huang. They asked for confirmation or an alternative date by November 11. Senator Elizabeth Warren has separately pressed for public testimony on Nvidia’s China business, and Democrats are projected to control Congress following the November 3 midterms.
Political pressure could tighten advanced AI chip export policy. Republican proposals such as the AI OVERWATCH Act would reinforce restrictions on exports of the most advanced AI chips to countries of concern, while another bipartisan initiative would add location tracking and diversion reporting requirements. Nvidia reported fiscal second-quarter revenue of $96.2 billion, up 106% year over year, with third-quarter guidance of about $108 billion excluding Data Center compute revenue from China.
Megaspeed scrutiny has run for more than a year: Singapore confirmed in October 2025 it was examining potential export control violations, and Bloomberg later reported gaps between declared data center capacity and imported hardware. Nvidia will report third-quarter results on November 17, one day before the proposed congressional briefing. The stock has lost 21.48% over the past month and 10.67% over five sessions, leaving governance and export-licensing risk as the main concerns for investors.
