0:03 It's a bombshell from NVIDIA, a story that is personal and political, one that covers AI, geopolitics, espionage, and infidelity. I know it's a deadly combo, and at the center of it is the poster boy of artificial intelligence, NVIDIA CEO Jensen Huang. He has admitted to having an extramarital affair, that too with a possible Chinese spy. To put it crudely, Jensen Huang was apparently honey trapped. That's right. The biggest name in semiconductors, the man driving the AI boom, was possibly honey trapped by China. On Sunday, Jensen Huang wrote an email to his employees. In that letter, he admitted the affair. Let me quote from what he wrote. I owe my family and all of you an apology. I was unfaithful to
0:50 my wife. My actions hurt her and our children. There is no excuse for what I did. I'm deeply sorry to my wife and family. I love you. I know an apology cannot undo what I have done. I hope our family will heal and that over time I can earn back your trust. That's the CEO of a 4.5 trillion dollar company openly admitting his infidelity to hundreds of employees because this is not a personal matter, this affair. This is a national security issue for America. First, let's build a timeline. On the 29th of October, the New York Times published a report, 29th October.
1:35 This report said that Jensen Huang was targeted by a Chinese asset. Her name is Alice Huang, same surname, but they're not related. Now, Alice Huang is a Chinese citizen. She used to work in Chinese television and banking, but in 2023, she became managing director of a data center firm, a firm called Mega Speed in Now Mega Speed was a customer of Nvidia. They bought chips worth billions of dollars. And this is where US officials began suspecting a plot. They realized that Alice Huang was very close to Jensen Huang that she was routing banned Nvidia chips to China. So what did the Americans do? Well, last year they prepared a report.
2:21 A report for US President Donald Trump. In this report they warned him about the link up. But Trump did not do anything. That's what the New York Times says. That Trump was told about the affair and the chips being routed to China, but he did not do anything about it. At the same time Nvidia dismissed the claims too. They said there was nothing unusual between Alice and Jensen, just a normal customer relationship. But on November 7th, which is last Saturday, another damning report came out. This one was published by the Financial Time and this report revealed the nature of this relationship between Alice and Jensen. It was an affair, an affair between Jensen Huang
3:08 and Alice. Jensen was cheating on his wife and the US officials knew about it. They knew he was having an affair. They knew that she was working for Chinese intelligence and yet they did nothing about it. Now once these reports came out, Jensen Huang had no choice. So the next day he admitted to the affair. He wrote to his employees and his family and that's the email that we just quoted from. Now this entire saga raises three broad questions. One, how did this affair or honey trap unfold? Question two, was sensitive data leaked? And three, what happens next? Let's answer these questions one by one. Our story begins with Alice Huang. She
3:54 used to work in Chinese news media. She's also worked in a few banks including HSBC. Then in 2023 a Chinese gaming company was set up in Singapore. This company was called Mega Speed. And Alice Huang began leading the company. For eight months she was the MD of Mega Speed. Now it's not clear when she met Jensen Huang for the first time, but the two have been photographed together in 2024 and 2025. Take a look at this.
4:50 Now here's the thing about Mega Speed. At first glance, it looks exactly like a Chinese shell company. And remember when it was set up? 2023. Here's what else happened in 2023. The US imposed curbs on AI chips. Joe Biden was the president then. He stopped the sale of advanced Nvidia chips to China. And barely months later, this company Mega Speed was created. They started buying Nvidia chips and they've bought chips worth $4 billion. $4 billion. That's a huge amount by any standards, but especially for this company because it is a thousand times their cash balance. Meaning they bought more chips than they could afford, a thousand times more. So the assumption is that Mega Speed was
5:37 a front for Beijing. China could not buy chips from the US, so they created a company in Singapore and used this company to divert banned chips for Chinese companies. That's what US intelligence suspected. Now coming back to Alice Huang. Where is she right now? Apparently nobody knows. Reports say Singapore officials questioned her last December, but currently she cannot be traced. So to recap, we don't know when the affair started and we don't know how long it lasted, but we do know two things. US official suspected that she was a Chinese spy and Donald Trump was briefed on it.
6:22 Which brings us to the second question. Was any sensitive data leaked? American officials have not revealed much. Reports say it was Marco Rubio who flagged it. He's the one who raised it with Donald Trump. But yesterday he refused to comment. >> Yeah, I can't comment on any of that. I I I just can't comment because of the nature of it and and I also can't comment on an internal corporate matter that's going on with Nvidia as you highlight. I don't know anything about that part of it so. >> And Trump is still standing by him. He called Jensen Huang a fine and honorable person. He says there is probably an excuse for what happened. >> I have not spoken to him about it. I just know he's a fine person, but you never know what is going on. Um
7:07 I'm sure I hope everything's fine there. He's done such an incredible job and uh so I would certainly hope it. He's a fine person in my opinion. >> hindsight, do you wish that you had acted on the intelligence when you were briefed about this spy line? >> so. I think you know, I think he's an honorable guy. I think he probably has an excuse for it, you know, you have to hear it. No, you can't do that with people. He was uh He's done an amazing job for our country. You know, we have the hottest country anywhere in the world. We have the highest stock market now. >> Well, Trump may not be the best judge. His moral compass is as good as his midterm results. Thus the president himself has been accused of infidelity that too multiple times. In contrast, Jensen Huang had cultivated
7:53 a family man image. He met his wife Lori Huang in college. Both studied engineering at the Oregon State University. In fact, Lori used to be Jensen's lab partner. Their college romance grew into a 40-year-old marriage, four decades. And until this weekend, all was fine, Jensen Huang would publicly praise his wife and her contributions. He called Lori the number one person he met. It was her sacrifices that allowed Jensen to push ahead. Listen to his own words. >> During the time when the kids were still young, I was finishing my master's at Stanford, and so I was busy on multiple levels. And yeah, I missed all their karate tournaments. I missed a lot. I missed a lot. I don't know that I've
8:40 ever asked them what it was like on the receiving side of it, but if you're going to build a company, you need somebody strong and you need somebody amazing like my wife. And she took care of everything. Lori took care of everything, and I don't remember complaining even one time, one nanosecond, or even one instance. That's the gift that she gave me. >> Last year, Jensen Huang claimed that he had a perfect life, his happy marriage, his two children, and his dogs. He said that's all that he ever needed. Look at him now, hoping for character certificates from Donald Trump of all people. We leave Trump's moral judgment out of it. Instead, let's look at his comments about the stock market. Trump sees Nvidia and its CEO as a cash cow. They
9:26 are single-handedly driving up US stocks, and that's the only saving grace in a in Trump's horrible economy. Reports say that is why Donald Trump sat sat on the intelligence. He knew that Mega Speed was shady. He knew that Alice Huang was a Chinese asset, but he wanted to keep the AI boom alive, so he looked the other way. Now the final question. What will be the fallout? Donald Trump is visiting China next week. He will meet Chinese President Xi Jinping. Trump has lost a major election last week, so he's hoping for some kind of a victory abroad. But the Chinese will not take these allegations likely. They're already calling it a media fantasy. >> We have previously responded to this
10:11 The so-called claims of Chinese spy narrative are purely a groundless accusation, slander, and a smear. >> So the fallout could be political. Trump's comments indicate that he wants to keep things quiet at least until his meeting next week. But do not expect this story to simply disappear because there is too much at stake here. Nvidia is among the biggest companies in the world. They control 80% of the global AI chip market. 80 80% of the market. Without Nvidia, there is no AI revolution and that is why Jensen Huang is so important. He personally lobbied for selling Nvidia chips to China. This was back in 2025
10:57 when Trump ordered a ban. Jensen flew down to Mar-a-Lago, which is Trump's residence in Florida. He convinced Donald Trump to grant him an exemption and Trump relented. He allowed Nvidia to sell one type of chip to China. In return, the US government would keep 25% of the returns. At that point, no one suspected anything foul. We knew that China was a big market for Nvidia. So the assumption was that Jensen Huang was doing it for the money. But now a honey trap emerges. Did that affair influence Nvidia's China policy? Is that why Jensen Huang was so eager to sell to China? And did Trump know about it? So many questions remain unanswered after these revelations.
11:44 And the biggest one is this. Is this the end of the road for Jensen Huang? In recent months, everyone had the same question. Will the AI bubble pop? And if so, what would pop it? Some experts bet on the rising cost of lending. Some predicted a fall in revenue and profits. Others bet on rules and guard rails. But this weekend, a new wild card entered the A honey trap on Nvidia CEO. Will this affair cause the AI bubble to pop? Here's what the internet thinks. >> [music]
12:31 [music] >> Oh, look at these two. All right, come on. You're okay? Uh-oh, what? Either they're having an affair or he's very shy. >> [music] [music]
