Trump says Jensen Huang should stay on as Nvidia CEO: ‘I haven’t heard he’s done anything wrong’ Rinna Diamantakos Mon, November 9, 2026 at 12:00 PM EST 5 min read NVDA -4.85% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
President Donald Trump is backing Nvidia (NASDAQ:NVDA) CEO Jensen Huang after it was revealed he had an affair with an alleged Chinese spy.
In a note to staff sent on Nov. 8 and posted on CNBC, Huang admitted to having an extramarital affair, saying he was "unfaithful" and hurt his wife and children. He did not name the woman in the affair but Nvidia has announced it will investigate reports he was the "target of foreign intelligence efforts."
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"I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," Huang said, adding that he supports the investigation. "I am committed to protecting NVIDIA and supporting America's national security."
The announcement comes after reports Huang had a close relationship with a woman named Alice Huang, who U.S. intelligence officials believe was working for the Chinese government.
When asked about the affair, Trump called Huang a "fine person," and said he thinks he should remain the head of Nvidia.
"I have not spoken to him about it," Trump told reporters on Nov. 8, before returning to Washington. "I just know he's a fine person, but you never know what is going on…He's done such an incredible job…He's a fine person in my opinion."
Trump was reportedly briefed roughly a year ago that a woman with ties to Huang was a Chinese spy but did not act on the intelligence. The president stood by his decision not to act and called the Nvidia CEO an "honorable guy." He also said he would still be willing to take Huang on his upcoming trip to Asia.
"I haven't heard he's done anything wrong," the president told reporters.
Nvidia's investigation comes after a New York Times (NYT) exclusive published on Oct. 29 claimed a top executive at a Singapore-based data center company tied to Nvidia was possibly directing its AI chips to China.
Several U.S. outlets have reported that American officials believed Alice Huang, who has no relation to the Nvidia CEO, was an intelligence asset who was sending information to Beijing and helping smuggle advanced AI chips to China.
Nvidia had previously defended Mr. Huang's relationship to Ms. Huang, telling the NYT that the CEOs interactions with Ms. Huang were "not unusual or unexpected," and that "meetings with customers are part of a CEO's job; Jensen talks with thousands of customer executives every year."
The company also said it was confident the U.S. government would notify Nvidia if it "believes that any person is a threat to American industry."
In a press release on Nov. 8, Nvidia announced it will investigate alleged foreign intelligence efforts, following reports Huang was a target.
"The Board prioritizes US national and economic security, which is paramount to the interests of NVIDIA and its shareholders," the statement said. But, the board "has no reason to believe that either national security or NVIDIA secrets were compromised."
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Nvidia (NASDAQ: NVDA) shares are sliding after news of the investigation broke. The stock fell 5% Monday morning, amid concerns about the company and Huang's role as its head. According to the Wall Street Journal, it's on track to lose more than $200 billion in market value.
The chipmaker is central to the AI boom and is one of the most valuable companies in the world. While Huang has vowed to stay on as CEO, the results of the investigation could undermine faith in the company and jeopardize his future with it.
The latest stock drop comes after Nvidia already suffered a significant sell off following the midterm election. On Nov. 5, the stock plunged 9% in just one day, dropping Huang's net worth on paper by $15.1 billion and briefly lowering his spot on the Bloomberg's Billionaires Index.
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This article originally appeared on Moneywise.com under the title: Trump says Jensen Huang should stay on as Nvidia CEO: 'I haven't heard he's done anything wrong'
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