According to the Associated Press, as cited by Tom's Hardware, Trump said at a White House briefing that the FBI is looking into the matter, and that he had spoken with Huang, who told him he had no idea the person was a spy. Jensen Huang has confirmed a romantic relationship with Alice Huang, a former executive at Megaspeed, a Singapore-based Nvidia customer under investigation over suspected smuggling of $2 billion in AI chips to China. China denies she is its agent, and Nvidia's board has already opened an independent review, as we reported.
Separately, Bloomberg reported that Nvidia's general counsel, Tim Teter, contacted Jeffrey Kessler, head of the Commerce Department's BIS, asking about the Megaspeed investigation and whether the bureau was involved in Alice Huang's detention in Singapore. According to the report, BIS staff were told to route all Nvidia requests through Kessler, a step described as unusual, and Kessler told them to handle the case by the book. In late 2025 the Justice Department asked the bureau to pause the investigation. So far there is no clear evidence that Alice Huang influenced Nvidia's positions on sales to China.
On the legal front, the Rosen Law Firm has filed the first class action on behalf of shareholders, alleging that Nvidia and Huang failed to disclose or misled investors about the relationship. Other firms have opened their own investigations, citing the drop in the stock after the confirmation, which they put at 5.5% in pre-market trading and up to 8.8% intraday. Nvidia previously said Megaspeed "has been no different than many other regional cloud customers" and that meetings with customers are part of a CEO's job.
