Nvidia has turned to one of America's best-known corporate investigators to untangle the scandal around its chief. Its independent directors announced on Tuesday, November 10, 2026, that they have hired Wachtell, Lipton, Rosen & Katz, with partner Joon H. Kim leading a "thorough and independent investigation" into whether Jensen Huang was targeted by a foreign intelligence operation.

Key Points

• Nvidia's independent directors hired Wachtell, Lipton, Rosen & Katz, with partner Joon H. Kim, 55, to investigate whether Jensen Huang, 63, was targeted by a foreign intelligence operation.
• The probe centres on Huang's admitted affair with Alice Huang (Huang Le), a former Megaspeed executive whom US intelligence officials reportedly identified as an asset of China's Ministry of State Security.
• Kim is a former acting US attorney for the Southern District of New York who led the 2021 investigation into former New York Governor Andrew Cuomo.
• Huang will remain chief executive during the investigation and played no part in choosing the outside counsel, Nvidia has said.
• Nvidia shares fell 5.5 percent on Tuesday, leaving the stock down 31 percent from its October 6 record high.

What Happened

The board's statement, issued through GlobeNewswire at 2:07 p.m. ET on Tuesday, was a single line: the independent directors had retained Wachtell Lipton and Kim would lead the review. The New York Times reported it as breaking news at 19:31 UTC. It came two days after the board first announced an independent investigation, on Sunday, November 8, the day Huang told staff he had been unfaithful to his wife of more than 40 years.

Kim, 55, joined Wachtell last month from Cleary Gottlieb, where he was a partner. He was acting United States attorney for the Southern District of New York from March 2017 to January 2018. In March 2021, New York Attorney General Letitia James named Kim and lawyer Anne Clark to lead the sexual-harassment investigation into then-Governor Andrew Cuomo. Their report found Cuomo had harassed multiple women, and he resigned within days.

Background: How the Huang Affair Became a National Security Case

The affair became public after a US government memo, circulated among a small group of senior officials, warned that Huang had a close relationship with a woman US intelligence now concludes is a Chinese spy. Federal agents first warned lawmakers a year ago that Huang was the "target of a foreign intelligence effort". The woman has been identified as Alice Huang, also known as Huang Le, a former executive at Singapore data-centre company Megaspeed. The two Huangs are not related and Beijing has denied the espionage allegations.

Huang admitted the affair in an email to staff on Sunday, November 8. The board said then it had "no reason to believe" national security or Nvidia secrets had been compromised, but that it would examine all available information. The FBI is examining the matter, and the affair has already produced a shareholder lawsuit. A source told CNN that Secretary of State Marco Rubio briefed President Donald Trump about the spy concerns aboard Air Force One in May.

The Nvidia Joon Kim Probe: What the Investigation Will Examine

The central question is whether Huang was the target of a foreign intelligence operation, and whether that operation obtained anything of value. That means examining the affair, the people involved, and any contact between the two Huangs and Nvidia's business in China. The board framed the task broadly: a thorough and independent investigation, with no subject ruled out in advance.

The choice of Kim also answers the governance questions hanging over the board. Nvidia's 10 directors have served a combined 161 years, several with longstanding business ties to Huang, raising doubts about how independent a board-led review can be. Hiring an outside firm led by a former federal prosecutor who investigated a sitting governor should give the process credibility. Whether it does will depend on how much of the findings the board publishes.

Reactions and Quotes

The board's words so far have been spare. Its November 8 statement said it had "no reason to believe" national security or Nvidia secrets were compromised, while promising to examine all available information. Tuesday's announcement added only that Kim would lead a "thorough and independent investigation". Beijing has denied the espionage allegations outright. Huang admitted in his Sunday email to staff that he had been unfaithful to his wife of more than 40 years. Trump said on Monday, November 9, that he had spoken to Huang, who told him he had no idea the woman was a spy, and that he was "amazed" by the allegations. The FBI continues its examination and has not commented publicly.

Why It Matters

Nvidia sits at the centre of the artificial intelligence boom, and its chips power the data centres of every major technology company. Any suggestion that its chief executive was compromised by a foreign intelligence service is therefore a national security question as well as a corporate one, touching on export controls on advanced chips sold to China and on the trust of Nvidia's customers.

The case also tests the governance of one of the world's most valuable companies. A board whose members have served a combined 161 years, many with deep ties to the chief executive, must now show it can investigate him credibly. The share price tells the same story: down 5.5 percent on Tuesday and 31 percent from the October 6 record high, with Microsoft passing Nvidia as the world's second-most valuable company. Investors are pricing in uncertainty that only a credible investigation can remove.

What Happens Next

Kim's team will now begin its review, with no deadline set. The next milestone is November 18, when three Republican committee chairmen have asked Huang to brief Congress on the spy claims. The shareholder lawsuit will proceed in parallel, and the FBI's examination continues. Any of those threads could produce new disclosures before the review is finished.

The board's most consequential decision may be whether to publish the findings; it has not committed to doing so. Investors, Congress and the White House will all watch for the same thing: whether Huang was targeted, what if anything was compromised, and what Nvidia will change.

Frequently Asked Questions

Who is Joon Kim?
A former acting US attorney for the Southern District of New York (2017-2018) and Wachtell Lipton partner who led the 2021 investigation into former New York Governor Andrew Cuomo.

What is Nvidia investigating?
Whether CEO Jensen Huang was targeted by a foreign intelligence operation, centred on his admitted affair with Alice Huang, a former Singapore data-centre executive reportedly identified as a Chinese intelligence asset.

Will Jensen Huang stay as chief executive?
Yes, for now. Nvidia says Huang will remain CEO during the investigation and will not help choose the outside counsel.

Who is Alice Huang?
Also known as Huang Le, a former executive at Singapore data-centre firm Megaspeed. She is not related to Jensen Huang.

What has happened to Nvidia's share price?
They fell 5.5 percent on Tuesday and are down 31 percent from their October 6 all-time high.

Related Reading

Read more on US News Pulse: Nvidia Board Launches Probe of CEO Jensen Huang; Nvidia Shareholders Sue Jensen Huang; Microsoft Overtakes Nvidia.