- The president is standing by Nvidia’s CEO. Asked whether Jensen Huang should remain in charge, Donald Trump said, “I think so. Oh yeah, sure,” and called him a “fine person,” Bloomberg reported.
- Trump said he has not discussed it with Huang. He told reporters Sunday, “I have not spoken to him about it,” added “you never know what is going on,” and said he had not heard that Huang had done anything wrong.
- The reported intelligence concerns are serious. Bloomberg said former Megaspeed International executive Alice Huang was said to have targeted Nvidia’s leader and that the U.S. government suspects she was recruited by a Chinese spy agency; she is no longer at Megaspeed.
- Huang may still join Trump in Asia. Trump said he did not know whether he would take Huang on an Asia trip later in November but was open to it, as Nvidia’s board investigates whether a foreign intelligence agency targeted its CEO.
What Happened?
President Donald Trump publicly backed Nvidia CEO Jensen Huang on Sunday after Huang acknowledged an affair with a woman U.S. intelligence officials reportedly suspect of being a Chinese spy, Bloomberg reported. Trump called Huang a “fine person,” said he should stay on as CEO, and said he had not spoken to him about the matter. Huang had previously described his relationship with the woman as “normal” and business-related. The New York Times reported Friday that U.S. intelligence officials told the administration the woman had grown close to Huang and worked for a Chinese spy agency tasked with collecting information on him, and reported Sunday that Secretary of State Marco Rubio oversaw a classified memo on U.S. concerns.
Why It Matters?
Political backing from the White House lowers the near-term risk that Washington pushes for leadership change at the world’s most important AI chipmaker, a key concern for NVDA holders as the board investigation unfolds. It also matters for Nvidia’s China exposure: the company sits at the center of U.S. export-control policy, and Trump’s comments suggest the episode is not, for now, being turned into a broader policy confrontation. Still, the allegations and intelligence assessments are reported claims rather than established findings, and the board’s probe is ongoing.
What’s Next?
Watch whether Huang joins Trump’s Asia trip later this month, which would be a strong signal of continued administration support. Further reporting on the classified memo, any congressional reaction and the scope and timing of Nvidia’s board investigation are the next catalysts for the stock.
Affected Tickers and Coins: NVDA, SMH
Source: Bloomberg
