The sudden, dramatic resignation of Nvidia co-founder and CEO Jensen Huang on Thursday, November 12, 2026, has sent shockwaves through Silicon Valley, Wall Street, and international intelligence circles.

What began as whispers of a corporate governance probe has exploded into a full-blown geopolitical and financial crisis—fueled by newly surfaced romantic photographs, allegations of Chinese espionage, multiple extramarital affairs, and a glaring gap in Nvidia’s corporate liability insurance that leaves the $3.92 trillion chipmaking titan exposed to massive legal damages.

The Taipei “Tango”: Inside the COMPUTEX 2024 Photos

Romantic photos have emerged of Jensen Huang and his alleged Chinese spy lover as Nvidia faces potential legal headaches over its lack of a common type of corporate liability insurance.

The 63-year-old leather jacket-wearing married billionaire was photographed embracing Alice Huang, 49, an alleged operative for China’s Ministry of State Security, in Taipei, Taiwan, on June 2, 2024.

The lovebirds share a smoldering look, with Jensen Huang placing his hands directly on Alice Huang’s hip as she wraps her arm around his shoulders — almost as if they were starting to tango.

The photos were snapped shortly after Huang delivered the keynote address at COMPUTEX 2024.

“I want to speak to you in Chinese, but I have so much to tell you,” the Taipei-born mogul joked during the speech.

“I have to think too hard to speak Chinese, so I have to speak to you in English,” he added to the crowd.

Five days after that private embrace, on June 7, 2024, IT firm NetThunder also posted a photo of the pair socializing alongside other tech executives at a Taipei bar.

The two were later recorded on video dining together at Taipei’s San Liu Shi Fu restaurant in May 2025.

Who Is Alice Huang? The Megaspeed Trail from State Media to “Neocloud” GPUs

While Jensen Huang and Alice Huang (born Huang Le) share a surname, they are not related.

Born in Hunan in 1977, Alice Huang began her career as a television journalist for Chinese state media outlets China Central Television (CCTV) and Hunan TV before earning a Master of Social Science in media management from Hong Kong Baptist University in the mid-2000s and obtaining a Hong Kong passport.

By the 2020s, alongside her husband and business partner Kang Wei, she pivoted heavily into cloud computing and offshore capital operations.

In March 2023, a Singapore-incorporated entity originally known as 7Road International was renamed Megaspeed International, with ownership transferred to an enterprise controlled by Alice Huang.

She served as managing director of Megaspeed International from March to November 2023.

Describing Alibaba Group as its anchor client, Megaspeed was inducted as an official “Nvidia cloud partner” in November 2023—a designation granting priority access to coveted Nvidia AI chips.

Jensen Huang first began socializing with the alleged Chinese spy and former executive at Singapore-based data center company Megaspeed International in December 2023 across meetings in the U.S., China, and Taiwan.

Their romantic affair is believed to have begun in 2024.

Shipment records analyzed by short-selling firm Culper Research between December 2024 and early 2026 indicate that Megaspeed’s Malaysian subsidiary, Speedmatrix, imported roughly $4 billion worth of equipment built with Nvidia chips.

In early 2025, Alice Huang and Kang Wei reportedly pitched Chinese investors on a Southeast Asian data center project, boasting that they had “no problem securing GPUs”.

In February 2025, Singapore authorities launched an investigation into Megaspeed over suspected false declarations regarding server purchases.

Singapore’s Ministry of Home Affairs held Alice Huang’s passport from June 2025 until February 2026.

Upon her release with a warning, she flew from Singapore to Shanghai on February 26, 2026, and was subsequently barred from re-entering both Singapore and Taiwan.

She is now believed to be living in Beijing.

While U.S. government surveillance cited by The New York Times suggested Alice Huang was feeding information directly to Beijing, intelligence assessments have shown some internal friction.

CIA officials reportedly backed the espionage findings, whereas some officials within the Office of the Director of National Intelligence described the “spy” characterization as “over-torqued”.

Regardless, Nvidia’s board launched an independent investigation on November 8, 2026, into reports that its CEO had been the target of a “foreign intelligence effort”.

Expanding Workplace Turmoil and the Boardroom Exit

The national security scrutiny quickly collided with internal corporate misconduct allegations.

Jensen Huang is also accused of cheating on Lori Huang, his college sweetheart and wife of decades, with Kimberly Powell, an Nvidia vice president, and another unnamed Nvidia employee.

Facing compounding revelations of subordinate relationships and undisclosed national security entanglements, Jensen Huang on Thursday resigned as CEO and board member from the company he co-founded in 1993.

Veteran executive Colette Kress was tapped to step in as interim CEO as the company bled roughly $200 billion—and at points up to $573 billion—off its market value during a brutal week of trading.

The $900 Million Blind Spot: Why Nvidia’s Insurance Gap Matters

The scandal has wiped roughly $200 billion off Nvidia’s market value this week — and the company could face additional legal exposure because it lacks a common form of corporate liability insurance.

Nvidia is already facing a federal class-action lawsuit filed in California that accuses the company and Jensen Huang of violating federal securities laws by failing to disclose significant national security and regulatory risks.

The $3.92 trillion chipmaking giant lacks common types of directors and officers (D&O) liability coverage that typically protect companies against certain legal costs and damages arising from claims involving their executives, the Financial Times reported.

D&O insurance can cover claims alleging misleading statements or disclosures, breaches of fiduciary duty, and certain violations of laws or regulations by corporate executives and directors.

This type of insurance is bought in three parts: Side A, Side B, and Side C.

Side A covers the personal assets and legal defense costs of company directors and officers when the company cannot or will not indemnify them.

Side B reimburses the company when it has to pay for the legal fees and defense costs of its executives.

Side C protects the business itself when it is named alongside company officers in a lawsuit.

While Nvidia carries roughly $900 million in total policy limits, Nvidia only has Side A insurance, leaving the company exposed to lawsuits naming the company alongside Jensen Huang.

Industry data from brokerage firm WTW indicates that 91% of public companies purchase standalone D&O coverage, and more than 80% carry Sides B and C in addition to Side A.

“For a public company, it’s normal to have Side A and Side B coverage — it’s almost regarded as compulsory,” Aaron Le Marquer, Partner and Head of Policyholder Disputes at Stewarts law firm, told the newspaper.

“And in the US, most large public companies would have Side C as well, because the exposure is so serious, as everyone gets sued all the time,” Le Marquer added.

With federal securities litigators already circling in California and congressional inquiries looming over how billions of dollars in restricted AI architecture flowed through Megaspeed’s regional subsidiaries,

every dollar of Nvidia’s corporate defense and potential shareholder settlement will now have to come directly out of the company’s own coffers.