Skip to content
The wire
Wall Street
ASXASX 200 9,029.70 up +0.10%as at 9 Nov 2026, 1:52 pm GMT+0800BHP Group (BHP) 59.20 AUD up +2.74%as at 9 Nov 2026, 1:52 pm GMT+0800Commonwealth Bank (CBA) 165.97 AUD down -0.92%as at 9 Nov 2026, 1:52 pm GMT+0800CommoditiesBrent Crude Oil (Brent Futures) 99.69 USD/bbl up +1.42%as at 6 Nov 2026, 6:41 pm GMT+0800WTI Crude Oil (WTI Futures) 91.36 USD/bbl up +0.11%as at 6 Nov 2026, 6:41 pm GMT+0800EuronextCAC 40 8,205.37 up +0.34%as at 6 Nov 2026, 6:41 pm GMT+0800Euro StoxxEURO STOXX 50 6,231.54 down -0.55%as at 6 Nov 2026, 6:41 pm GMT+0800FTSEFTSE 100 10,782.66 down -0.43%as at 6 Nov 2026, 6:41 pm GMT+0800HKEXHANG SENG 24,481.86 down -1.27%as at 6 Nov 2026, 6:41 pm GMT+0800NasdaqAlphabet (GOOGL) 282.57 USD down -2.20%as at 6 Nov 2026, 6:41 pm GMT+0800Amazon (AMZN) 260.21 USD down -2.19%as at 6 Nov 2026, 6:41 pm GMT+0800Apple (AAPL) 344.17 USD down -1.53%as at 6 Nov 2026, 6:41 pm GMT+0800DOW JONES 51,523.06 down -3.44%as at 6 Nov 2026, 6:41 pm GMT+0800Meta Platforms (META) 605.08 USD down -3.96%as at 6 Nov 2026, 6:41 pm GMT+0800NASDAQ 24,315.00 down -5.52%as at 6 Nov 2026, 6:41 pm GMT+0800S&P 500 7,353.73 down -4.36%as at 6 Nov 2026, 6:41 pm GMT+0800Tesla (TSLA) 343.69 USD down -10.77%as at 6 Nov 2026, 6:41 pm GMT+0800NSENIFTY 50 24,818.50 up +1.16%as at 6 Nov 2026, 6:41 pm GMT+0800NYSEBerkshire Hathaway (BRK.B) 572.33 USD down -1.17%as at 6 Nov 2026, 6:41 pm GMT+0800NZXNZX 50 13,998.50 down -0.66%as at 6 Nov 2026, 6:41 pm GMT+0800Russell 2000RUSSELL 2000 2,729.89 down -4.40%as at 6 Nov 2026, 6:41 pm GMT+0800SSESHANGHAI COMPOSITE 3,649.18 down -1.10%as at 6 Nov 2026, 6:41 pm GMT+0800TSENIKKEI 225 57,434.77 down -5.96%as at 6 Nov 2026, 6:41 pm GMT+0800XetraDAX 40 26,325.01 down -0.43%as at 6 Nov 2026, 6:41 pm GMT+0800CryptoBTC/USD 75,551.00 USD down -6.09%as at 6 Nov 2026, 6:41 pm GMT+0800Ethereum (ETH/USD) 2,221.82 USD down -8.32%as at 6 Nov 2026, 6:41 pm GMT+0800SOL/USD 89.280 USD down -7.01%as at 6 Nov 2026, 6:41 pm GMT+0800XRP/USD 1.20000 USD down -8.33%as at 6 Nov 2026, 6:41 pm GMT+0800ForexAUD/EUR 0.615385 EUR down -1.34%as at 7 Nov 2026, 12:45 am GMT+0800AUD/GBP 0.513323 GBP down -1.31%as at 7 Nov 2026, 12:45 am GMT+0800AUD/JPY 108.7815 JPY down -1.93%as at 7 Nov 2026, 12:45 am GMT+0800AUD/NZD 1.239446 NZD down -0.47%as at 7 Nov 2026, 12:45 am GMT+0800AUD/USD 0.687077 USD down -1.85%as at 7 Nov 2026, 12:45 am GMT+0800EUR/GBP 0.834150 GBP up +0.03%as at 7 Nov 2026, 12:45 am GMT+0800EUR/USD 1.116500 USD down -0.53%as at 7 Nov 2026, 12:45 am GMT+0800GBP/USD 1.338488 USD down -0.55%as at 7 Nov 2026, 12:45 am GMT+0800NZD/USD 0.554342 USD down -1.39%as at 7 Nov 2026, 12:45 am GMT+0800USD/CAD 1.406628 CAD up +0.72%as at 7 Nov 2026, 12:45 am GMT+0800USD/CHF 0.818898 CHF up +0.12%as at 7 Nov 2026, 12:45 am GMT+0800USD/CNY 6.671294 CNY up +0.04%as at 7 Nov 2026, 12:45 am GMT+0800USD/JPY 158.3251 JPY down -0.08%as at 7 Nov 2026, 12:45 am GMT+0800
Rates
  • USUS CPI3.7% y/yOut in 20 h 14 min
  • AURBA4.85%Updated · 4 Nov
  • USFed3.75-4.00%Updated · 4 Nov
  • UKBoE4.00%Raised 0.25 · 6 Nov
  • EUECB2.50%Updated · 4 Nov
  • JPBoJ1.25%Updated · 4 Nov
  • CABoC2.50%Updated · 4 Nov
  • NZRBNZ2.75%Updated · 4 Nov
  • USPayrolls+165,000 jobsOct 2026, seasonally adjusted monthly payroll change
  • USUS jobless4.1%Oct 2026, seasonally adjusted unemployment rate
  • USCore PCE3.1% y/ySep 2026, core PCE price index y/y
  • USUS GDP+3.4% annualisedQ3 2026, q/q seasonally adjusted annual rate
  • USUS retail+0.8% m/mSep 2026, m/m retail sales, seasonally adjusted
  • USISM mfg55.5Oct 2026, ISM manufacturing PMI index points
  • AUAU CPI4.3% y/ySep 2026, CPI y/y
  • AUAU jobless4.7%Sep 2026, seasonally adjusted unemployment
  • AUAU GDP+0.4% q/qQ2 2026, seasonally adjusted real GDP q/q
  • UKUK CPI3.5% y/ySep 2026, 12-month CPI
  • UKUK jobless4.7%Jun-Aug 2026, ILO unemployment
  • UKUK GDP+0.1% m/mAug 2026, real GDP m/m
  • EUEZ CPI4.0% y/yOct 2026 euro-area HICP, flash estimate
  • CNChina GDP4.5% y/yQ3 2026, real GDP y/y
  • XAUGold4,052.40 USD/oz-1.49%
  • OILBrent99.69 USD/bbl+1.42%
  • OILWTI91.36 USD/bbl+0.11%
  • USUS 10Y4.837%-0.057 pts
  • VIXVIX28.18+69.66%
  • USDDXY101.768+0.21%
  • BTCBitcoin75,551.00 USD-6.09%
NZ Election 2026
Tuesday 10 November 2026A wider view Independent in spirit. Open by design.

The headline.
The whole story.

Live desk
On the agenda Nvidia and ChinaHegseth impeachmentIran warDarwin terror investigationU.S. Midterms 2026Future cities
DevelopingNvidia and China Business 4 min read

Jensen Huang tells Nvidia staff he was unfaithful to his wife as the board orders an inquiry into whether he was targeted by foreign spies

Nvidia's board has ordered an independent investigation into whether chief executive Jensen Huang was the target of a foreign intelligence effort, hours after Huang told employees he had been unfaithful to his wife. The board says it has no reason to believe national security or Nvidia's secrets were compromised and still backs Huang, who has been asked to brief Congress on 18 November about his dealings with Alice Huang, a businesswoman US officials reportedly believe was recruited by China's spy agency.

Jensen Huang Spy Romantic Relations Rumours
Jensen Huang Spy Romantic Relations Rumours © Valcored News. All rights reserved.

Live updates

Times in GMT+0800
  1. 6.30am AWST, 9 NovLatest

    Nvidia's board orders an independent investigation, run by independent directors with outside counsel, into whether Jensen Huang was targeted by a foreign intelligence effort. It says it has no reason to believe national security or Nvidia secrets were compromised and still backs Huang.

  2. 6.30am AWST, 9 Nov

    Huang tells employees in a memo that he was unfaithful to his wife and that there is no excuse for what he did.

This page checks for new updates automatically.

Three things to know

  1. A committee of Nvidia's independent directors, helped by outside lawyers, will run the inquiry; the board has set no end date and has not changed the company's leadership.
  2. In a memo to staff, Huang wrote that he was unfaithful to his wife and that "there is no excuse for what I did", and said he had fallen short of his responsibility to the company.
  3. The claims about Alice Huang come from unnamed US officials, the intelligence has not been released, no one has been charged, and the two are not related.

Nvidia’s board has launched an independent investigation into whether its founder and chief executive, Jensen Huang, was targeted by a foreign intelligence effort, after Huang admitted to employees that he had been unfaithful to his wife.

The board announced the inquiry in a statement on Sunday, US time. A committee of independent directors, assisted by outside independent counsel, will oversee it. The board said US national and economic security was paramount to Nvidia and its shareholders.

It said it had “no reason to believe that either national security or NVIDIA secrets were compromised”, but that its inquiry would examine all available information. Huang fully supports the review and has committed to cooperating, the board said, adding that it has confidence in him and his leadership team. Nvidia said Huang remains committed to leading the company without interruption.

What did Huang tell his staff?

In a memo to employees, Huang wrote: “I was unfaithful to my wife.” He said his actions had hurt her and their children, and that “there is no excuse for what I did”.

He apologised to his family, said he hoped to earn back their trust over time, and told colleagues, the board, partners and shareholders that he had fallen short of his responsibility to them. He has maintained that the relationship was personal and that no proprietary technology, trade secrets or national security material was shared.

What is the board investigating?

The inquiry follows reports, citing an intelligence assessment circulated among senior Trump administration officials, that China’s Ministry of State Security recruited Alice Huang, an executive at the Singapore cloud company Megaspeed, to gather information on Jensen Huang and possibly influence his views on US limits on chip exports to China. The same reports said US officials believe the two had a romantic relationship.

Those claims come from unnamed officials. The intelligence has not been made public, no one has been charged, and nothing released so far shows Jensen Huang knowingly passed on sensitive information. Alice Huang has not commented publicly. China’s Foreign Ministry has previously dismissed the reports as baseless. Alice Huang and Jensen Huang are not related.

Before the memo, Huang had described his contact with Alice Huang as business dealings that were “completely normal and not unusual”. Nvidia has said customers receive no information relevant to national security.

What is Megaspeed?

Megaspeed is a Singapore-based cloud computing company that buys Nvidia’s artificial intelligence chips. It has faced US scrutiny over suspicions that it helped customers in China obtain advanced chips that cannot legally be shipped there. Those suspicions have not led to any finding of wrongdoing.

Singapore’s Ministry of Home Affairs said on 31 October that its authorities had never investigated Alice Huang over alleged links to Chinese intelligence, but confirmed separate investigations into Megaspeed are continuing. Megaspeed has said its management has hired outside lawyers to look into the claims.

What does Congress want?

On 5 November three Republican committee chairs in the House of Representatives, Brian Mast of Foreign Affairs, John Moolenaar of the Select Committee on the Chinese Communist Party and Rick Crawford of Intelligence, asked Huang to a closed-door briefing on 18 November. They want an answer by 11 November. Moolenaar said the reports raised “significant national security concerns”.

Why does it matter?

Nvidia was worth nearly US$4.5 trillion at Friday’s close, the world’s second-largest listed company, and its chips sit at the centre of the AI boom and the technology contest between Washington and Beijing. The US restricts sales of its most advanced chips to China, and Huang has lobbied the Trump administration to allow more of them to be sold there.

The board’s choice of an inquiry over a leadership change signals it wants the facts before deciding anything about Huang’s future. For Australian investors, Nvidia is one of the largest companies in the global share indices many super funds track, so the first trading session after the memo will be closely watched.

VNN will update this story as more is confirmed.

How we got here

The key moments that brought this story into focus. Open any moment for detail.

  1. 29 October 2026Intelligence concerns reported

    Reports citing people briefed on US surveillance say agencies watched Alice Huang, linked to Megaspeed, as a possible Chinese intelligence asset close to Jensen Huang; Nvidia denies wrongdoing.

  2. 31 October 2026Singapore responds

    Singapore's Ministry of Home Affairs says it never investigated Alice Huang but confirms investigations into Megaspeed are continuing.

  3. 5 November 2026Congress steps in

    Three House committee chairs ask Jensen Huang to a closed-door briefing on 18 November.

  4. 6 November 2026New claims

    Unnamed US officials are reported as believing Alice Huang was recruited by China's Ministry of State Security and had a romantic relationship with Jensen Huang.

  5. 8 November 2026Memo and inquiry

    Huang tells staff he was unfaithful to his wife; Nvidia's board orders an independent investigation.

What happens next

Huang has until 11 November to accept the 18 November briefing or propose another date. Nvidia is due to report its quarterly results on 17 November, the day before. The board has set no deadline for its inquiry and says it will give updates as appropriate. Singapore's investigation into Megaspeed is continuing, and Democrats take control of the House committees in January.

Sources

  • VNN

VNN never names people who give us information in confidence. How we protect sources and tips.

The headline. The whole story.

Spotted something we should check? Tell the newsroom.

Comments

0 comments

Community rules

To read and join the conversation, please agree to our rules.

  1. Be respectful. No insults, name-calling, harassment, threats or hate.
  2. No links, web addresses or email addresses of any kind.
  3. No spam, advertising or self-promotion.
  4. One comment per story. You can reply to other people's comments, and to replies on yours.
  5. Stay on topic and keep personal information private.
  6. Comments that break these rules are removed, and repeat offenders are blocked.

Accessibility

Change how this website looks and behaves for you. Your choices are saved in this browser on this device only.

Text

Text size100%

Colour and links

Movement and focus

Read and find your way

Jump to a section of this page

    Your browser and device also have accessibility settings, such as zoom (Ctrl or ⌘ and +), a screen reader and reduced motion. This website works with them.

    Your privacy choices

    We use cookies and similar technologies to run this website. With your permission, we would also use them for advertising and embedded videos and social media posts. You can change your mind at any time with “Cookie settings” at the bottom of every page. Cookies policy.

    Cookie settings

    Choose what you allow. Storage the website needs to work is always on. You can come back here at any time from “Cookie settings” at the bottom of every page.

    • Strictly necessary

      Security, signing in, payments you start, protection against ad fraud and remembering your cookie choice.

      Always on
      What is stored (10)
      • vnn_consent VNN (this website) · Cookie · 12 months
        Remembers your cookie choices so we do not ask on every page.
      • wordpress_logged_in_*, wordpress_sec_* WordPress (this website) · Cookie · Until you sign out, up to 14 days
        Keeps you signed in, if you have an account (VNN staff, subscribers and buyers).
      • wordpress_test_cookie WordPress (this website) · Cookie · Until you close the browser
        Checks your browser accepts cookies when you sign in.
      • wp-settings-*, wp-settings-time-* WordPress (this website) · Cookie · 1 year
        Remembers dashboard layout for VNN staff. Not set for readers.
      • vcn_co VNN (this website) · Cookie · 1 day
        Links a payment to the browser that made it, so a new reader is signed in straight away after paying.
      • vnn_rules VNN (this website) · Cookie · 1 year
        Remembers that you agreed to the community rules before commenting.
      • vnn.rules VNN (this website) · Local storage · Until you clear your browser data
        The same agreement, kept in your browser as a back-up.
      • vnn.adshield.block, vnn.adshield.clicks VNN (this website) · Local storage · Up to 24 hours
        Protects our advertisers from invalid clicks (ad fraud) by pausing ads after repeated clicks.
      • vnn.adshield.ok VNN (this website) · Session storage · Until you close the tab
        Avoids re-checking the click protection on every page.
      • Payment security cookies Our card payment processor · Cookie · Up to 1 year
        Set only on the payment page and the billing part of your account page, to protect card payments from fraud.
    • Your settings on this device

      Saved stories, followed topics and other settings you choose. Kept in your browser only.

      Always on
      What is stored (7)
      • vcn.saved-stories.v1 VNN (this website) · Local storage · Until you remove them
        The stories you save with the bookmark button.
      • vcn.followed-topics.v1 VNN (this website) · Local storage · Until you remove them
        The topics you choose to follow.
      • vnn.alert.dismissed VNN (this website) · Session storage · Until you close the tab
        Remembers that you closed the breaking-news bar.
      • vnn.access VNN (this website) · Local storage · Until you reset them
        Your accessibility settings, such as text size and contrast.
      • vnn.support VNN (this website) · Local storage · Until you clear your browser data
        Remembers when you closed the “Support VNN” panel or gave, so it does not keep appearing.
      • comment_author_*, comment_author_email_* WordPress (this website) · Cookie · About 1 year
        Fills in your name and email on the comment form, only if you tick “Save my name”.
      • vnn-app-* VNN (this website) · Cache storage (service worker) · Until the app updates or you clear site data
        The web app’s icons and offline page, so it opens quickly and can tell you when you are offline.
    • Advertising

      Lets our advertising partner show ads based on your interests and measure them. If you say no, you may still see ads, but they are not personalised.

      What is stored (1)
      • __gads, __gpi, __eoi and Google ad cookies (e.g. IDE on doubleclick.net) Google AdSense · Cookie · Up to 13 months (set by Google)
        Shows ads, limits how often you see the same ad, prevents fraud and measures results. Ads are personalised only if you accept advertising.
    • Embedded videos and posts

      Loads videos, social media posts and other content hosted by other companies, such as YouTube or X. They may set their own cookies. If you say no, each one waits until you choose to load it.

      What is stored (1)
      • Set by the provider YouTube, Vimeo, X (Twitter), Instagram, TikTok, Facebook, Spotify and other embedded services · Cookie · Set by the provider
        Plays videos and shows posts inside our stories. Nothing loads until you choose to load it or allow embedded content.

    Full details: Cookies policy.

    VNNVALCORED NEWS NETWORK

    Install the VNN web app

    Choose your device to see how to add VNN to your home screen.

      What is the VNN web app?

      It is this website, saved to your home screen so it opens like an app: full screen, one tap away, straight to the front page. It is free, there is no app store download, it uses almost no storage and it updates itself. To remove it, press and hold the VNN icon and choose Remove. What the web app stores on your device