Huang Jenxun derails Nvidia to catch ghosts

No one would have guessed that melons were eaten online in all time zones around the world in the early hours of Monday morning.

The protagonist is Huang Jenxun, founder and CEO of NVIDIA.

Huang Jenxun, 63 years old, the iconic shape of his life is a black leather coat. He once explained why he always wore it on Korean variety shows, "It was my wife who made me wear it, and everything I wore was bought by my wife. I haven't shopped at all since I met my wife at 17.”

In the past three decades, 63-year-old Huang Jenxun has not only been the hottest “AI godfather” in Silicon Valley, but also a rare “gossip-free model husband” in the tech world. At the age of 17, he fell in love with his first love, Lori Mills, at the Oregon State University Laboratory. For 38 years, he has never stingyly confessed to his wife in his personal biography and public speeches.

However, on November 8, 2026, an internal letter of apology to the entire NVIDIA team personally broke this perfect filter. The first sentence is, “I owe my family and all of you an apology. I cheated on my wife.”

The following 10 key messages are arranged from "melon" to "mine".

An apology letter without a “roll call”

The contents of the letter are short, only apologies, and the layers are deeper than the layers:

To the family, he said, “My actions hurt her and our children. There's no excuse for what I did. I'm terribly sorry."

To the company, he apologized to employees, the board, partners, and global shareholders, acknowledging that “you deserve someone more trustworthy than I do now.”

Two details are noteworthy: the letter does not name any objects, but specifically adds at the end, “My family should not take any responsibility for my personal choices. It's my responsibility. Please give them privacy”.

In charge of the CEO of one of the world's most valuable companies, he wrote private marriages into the official website press release column. The action itself is the rarest signal.

There have been voices saying that Huang Jenxun may resign at the end of the year. Forecast Market Polymarket has issued a forecast. As of the time of Tiger Sniffing, the probability that Huang Jenxun will resign before the end of the year is 15%, and the probability that he will divorce in 2026 is 18%.

The tipping point: the intelligence agencies.

The disclosure of the incident was very hardcore.

On October 29, the New York Times quoted an anonymous US official as saying that while monitoring a woman, US intelligence found that she had contact with Huang Jenxun and assessed that she was "gathering information for foreign intelligence agencies". The mission involved Huang Jenxun himself and the US AI chip industry.

On November 4, the chairmen of the U.S. House of Representatives Foreign Affairs Committee, the U.S.-China Special Committee on Strategic Competition, and the Intelligence Committee sent a joint letter to Huang Jenxun, asking him to attend a closed-door briefing on November 18.

On Nov. 7, the Financial Times cited a U.S. intelligence memo that concluded Huang was “in a relationship” with the woman.

That is, it was captured by intelligence agencies as early as the spring of 2026, but it wasn't until the end of the year, during the US midterm elections, that it was put on the table.

Huang Yue is also a semiconductor insider

Although Huang Jenxun did not directly give specific targets in the open letter. But media outlets such as the New York Times and the Financial Times reported that the woman, named Huang Le (English name Alice Huang), was not related to Huang Jenxun.

According to public information, she is not from the chip industry, but a businesswoman with a mixed background in media, finance and technology investment. He worked in the media industry for 4 years, then in finance for 8 years, and then in a capital institution focused on semiconductor artificial intelligence.

She then joined Singapore-based data centre company Megaspeed as a senior executive and was named a “managing director” but quickly stepped down from her public role.

However, these professional experiences have not been further confirmed at present. There is little documented public information about her education and family background.

She and Huang Jenxun first photographed in the same frame in June 2024, at the entrance of a bar during the Taipei Computer Exhibition. The second time was in May 2025, outside a high-end restaurant in Taipei.

At present, although the US intelligence agencies assess and suspect that there is a "suspicion of espionage", there is no factual conclusion.

Nvidia's initial response was that Huang Jenxun met with thousands of customer executives each year, and the interaction between the two was “purely business as usual.”

True Protagonist: $4.8 Billion Chip Order

If it is just the CEO's private life, Silicon Valley is no wonder. The problem lies with the company behind Huang Le.

Megaspeed, incorporated in Singapore in 2023, was formerly associated with overseas operations of Chinese game companies on Seventh Avenue. The business model is simple, buy Nvidia's GPU, install it in a data center in Southeast Asia, and rent out the computing power.

The New York Times reported that its Malaysian affiliate purchased at least $4.8 billion in AI equipment containing Nvidia chips from June 2024 to February 2026.

Amazingly, a new company just two or three years old has become one of Nvidia's largest cloud partners in Southeast Asia.

The report shows that the US Department of Commerce has been following it since 2024. The core of the suspicion is that the chips have been legally shipped to the computer rooms in Malaysia and Indonesia. The equipment has not been transferred and the customs declarations are all clean, but the hashing power has been remotely leased to Chinese companies subject to export control through optical cables.

These accusations are based on Nvidia's revenue statistics. Its earnings reports have shown that revenue data is based on where the customer is billed, not where the product is shipped to.

Top vendor CEOs and mega-buyer executives, two people close to each other, Washington can't help but be nervous.

Board of Directors: Investigation initiated, but CEO not changed

On the same day, Nvidia's board of directors issued a statement announcing that it was launching an independent investigation in light of recent reports that Huang had been targeted by foreign intelligence agencies. A committee of independent directors, assisted by external independent counsel, will oversee the investigation.

But the Board's pronouncements in the statement were very measured:

There ● is currently no reason to believe that U.S. national security or company secrets have been compromised;

● Have full confidence in Huang Jenxun and his leadership team;

The ● spokesperson made it clear that this matter would not slow down the company's development, and Huang Jenxun continued to serve as CEO without interruption.

One of the Chinese translations is to check and find out, and the seat will not move first.

At the moment, analysts are also judging that Huang's position may not change in the short term, but the findings could jeopardize his position if there are major issues and add new restrictions to Nvidia's sales review.

The Board's statement disclosed that Huang Jenxun fully supported the review and pledged to cooperate with the review.

This is not the first time in Silicon Valley: Krzanich and Gates' front car experience

Silicon Valley has a stress response to the “CEO + Love + Benefit” combo boxing set:

In ● 2013, Google co-founder Sergey Brin and Google Glass executives broke out in an affair, which directly led to the departure of core executives and triggered the board to revise the interest avoidance rules;

In ● 2018, former Intel CEO Brian Krzanich resigned because his office romance with an employee violated company policy;

In ● 2010, former HP CEO Mark Hurd resigned due to an intimate relationship with an outsourced female contractor involving overstatement of expenses and conveyance of benefits;

In ● 2021, Bill Gates stepped down from Microsoft's board of directors during an investigation into his past relationships with employees;

In ● 2025, Andy Byron, the former CEO of the AI unicorn Astronomer, announced his resignation within days after his secret relationship with the company's chief human resources officer was unexpectedly exposed on the concert screen, constituting a serious power and compliance conflict.

Due to the popularity of social media, Andy Byron's video clips have been viral, so that after the emergence of Huang Jenxun, some netizens have used AI to reform.

It is worth noting that Huang Renxun is unique in that he directly manages about 60 executives, the company has no public succession plan, and the 63-year-old has repeatedly expressed his desire to "work for decades to come".

In other words, Nvidia is an organization that revolves around him personally. This "strongman centralization" structure is usually efficiency, and in the event of an accident, it is a risk.

His Marriage: 41 Years from the College Lab to the Myth of Gossip Zero

How thick was the broken filter? The story of Huang Jenxun and his wife, Lori Mills, has been circulating in Silicon Valley for four decades.

The duo worked as a lab partner while studying electrical engineering at Oregon State University, and he often took the opportunity to ask her to “do homework together.”

In 1985, the eighth year after their marriage, in 1993, he and two co-founders conspired to found NVIDIA in a Denise restaurant in San Jose.

Lori Mills has also worked in the tech industry. She reportedly worked as a microchip designer at Hewlett-Packard in the early 1980s.

From its founding and listing in 1999 to a market capitalization of more than $1 trillion in 2023, the entire company has grown up in this marriage.

In 2007, the couple co-founded a family charitable foundation, and tax returns for 2024 show assets of about $9.2 billion. Lori Mills has long been in charge of family trusts and foundations.

The most touching part of the myth is the 41-year-old affair between two people, and this part is also the most vulnerable part of the myth.

A family of four, three people working at NVIDIA

NVIDIA's official website can be found: Huang Jenxun's sons and daughters and sons-in-law are now both employed by the company, covering the three core emerging directions.

Madison Huang, the ● eldest daughter, joined Nvidia as an intern in 2020 and currently serves as the senior director of product and technology marketing for the physical AI platform, responsible for the marketing of Omniverse, the Cosmos world basic model, and the Isaac robot platform.

Her resume is extremely crossover. Graduated from the American Culinary Institute, worked as a chef, and did luxury marketing at LVMH. $1.232 million in FY2026.

She was a member of the inner circle that accompanied Huang Jen-hoon to a major event, and on November 8, she canceled her visit to South Korea for “family reasons,” including a meeting with South Korea's deputy prime minister. This allowed the outside world to link this change to Huang Jenxun's message.

● His son, Spencer Huang, joined Nvidia in 2022 and is currently the director of robot product management, responsible for robot simulation and synthetic data.

In 2013, he co-founded and ran a cocktail bar with friends in Xinyi District, Taipei, and was named one of “Asia's 50 Best Bars” the following year. After the bar closed in 2021, he went to New York University for an MBA in technology before joining Nvidia. Fiscal year 2026 compensation is about $1.32 million.

His ● son-in-law, Nico Caprez, joined Nvidia in February 2024 and was promoted to Vice President of Global AI Infrastructure Growth in January 2026, responsible for working with emerging cloud vendors on GPU purchases, customer financing, and more.

He and Huang Minshan had just married in Hawaii in September 2026. He was a member of the Swiss national alpine ski team and met Huang Minshan while studying for an MBA at the London Business School after his retirement. Prior to joining Nvidia, he worked for the Boston Consulting Group in Zurich and as an investment analyst for PSquared Asset Management in Zurich.

Regarding the question of nepotism, Huang Jenxun responded at the General Assembly in 2025. The company employs many employees and children, and he does not mind, "because I believe that these parents will not recommend children who embarrass themselves".

What would Lori Mills do if she got divorced?

At present, no one has filed for divorce, and Huang Jenxun's letter reads, "I hope our family can heal." The following is a purely hypothetical deduction.

According to the Securities and Exchange Commission's Form 4 filing of September 18, 2026, Huang Jenxun beneficially held about 811.5 million shares of Nvidia, accounting for about 3.4% of the total share capital. At a closing price of $186.64 on November 6, it was about $151.5 billion. These stocks are placed in five “buckets”:

● Husband and wife joint life trust: about 468 million shares (husband and wife jointly act as trustees)

6 LLCs under the ● trust name: about 133 million shares

● Individual direct holdings: approximately 70.1 million shares

● Two irrevocable trusts: about 140 million shares (usually for beneficiaries such as children, generally outside the split pool)

● Plus Family Foundation Holdings

The first three barrels total about 671 million shares, or about $125.2 billion. Under California's 50/50 split-in-principle rule, common marital property is within the theoretical split pool. If all is determined and all is divided equally, Lori Mills could theoretically split about 335 million shares, or about $62.6 billion.

This means that it will easily overtake the Bezos divorce to become the most expensive in history.

In 2019, Mackenzie Scott, the ex-wife of Amazon Group founder Jeff Bezos, took a 4% stake in Amazon, or about $38 billion.

It is worth noting that it has not been confirmed whether the two have a prenuptial agreement, and California is a no-fault divorce state, and cheating itself will not lead to undivided property. Moreover, even a stock split does not equate to a sell-off.

If you go to that step, who will get Lori Mills' equity voting rights, and whether there is a reduction in holding lockup, is the most concerned about the market. MacKenzie Scott passed the vote to Jeff Bezos.

In the next two weeks, NVIDIA's two "big tests"

After the scandal, there were two high-pressure nodes on the calendar:

In the early morning of November 18, Beijing time, after the US stock market, Nvidia will release the third quarter results of fiscal year 2027. 6am. The company will hold an earnings call, Huang and management will confront analysts, and Wall Street is extremely sensitive to any headwinds against a backdrop of high valuations.

Closed-door briefing for the United States Congress, November 18. The key is not for Huang Jenxun to admit who he knows, but for parliamentarians to stop at the case level of "what is your relationship with her", or to expand to the entire H20 and H200 chip licensing framework. The former is the storm, the latter is the rule.

Larger background: Huang Jenxun has been actively lobbying for relaxing chip exports to China in Washington for a long time, and Nvidia's revenue share in China has declined from 26.4% in fiscal 2022 to about 9% in fiscal 2026. The scandal will further erode his voice in Washington.

The surface of this storm is a person's marriage. The essence is that when computing power becomes a resource that can flow across borders, the scale of export control must be changed from "where the goods are" to "who is using them". Huang's fur coat can be selected by his wife, but the market rules cannot be interpreted by individuals.

For investors, the last picture spelled out by these 10 pieces of information has only one sentence. Putting your life on someone else is never a safe option.

Source: MyDrivers (Fast Technology). Content is presented with source attribution. Read the original report.