Huang’s leather-jacket image takes a hit: The affair is small potatoes; a three-way investigation is the real story!
At 63, Jensen Huang had worn his black leather jacket for more than 30 years without a misstep. Last night, he tore down his own public image.
On November 8, U.S. time, he sent an internal letter to all employees, opening with an admission: “I was unfaithful to my wife, hurting her and our children. There is no excuse, and I am deeply sorry.” The same day, Nvidia’s board announced it was forming an independent committee and hiring outside counsel to investigate—not the affair, but whether he had become a target of a foreign intelligence agency. He will remain CEO during the investigation. The board said it has no reason at this time to believe that national security or company secrets have been compromised. Yet just last month, he publicly said their interactions were entirely normal.
The other party, Alice Huang (Huang Le), is a former executive at Megaspeed, a Singaporean data center company. Over the past two years, the company has bought more than $4.8 billion worth of Nvidia chips, making it one of Nvidia’s largest customers in Southeast Asia. The New York Times reported in late October that U.S. intelligence agencies believe she passed information to Beijing and was allegedly recruited by China’s Ministry of State Security. No public evidence has been presented for the allegation, and China has denied it. The chairs of three House committees jointly wrote to Huang, requesting that he attend a closed-door briefing on November 18 and respond by November 11.
Why does this matter to crypto? Last Thursday, the Nasdaq plunged about 5.5%, with Nvidia at the epicenter: its shares fell about 7% in a single day, wiping out roughly $300 billion in market value, and dragging Bitcoin down to around $75,000. Risk assets are now being priced alongside AI stocks, and Nvidia’s CEO is in the crosshairs of its board, Congress, and intelligence agencies. Crypto can’t ignore the first signal from the U.S. stock market when it opens tonight.
An affair won’t kill Nvidia. What’s really weighing on its valuation is how long the investigation will take, what Congress will ask, and whether business with its $4.8 billion customer will continue—none of which has an answer yet.
$BTC #INVIDIA #黄仁勋因婚外情致歉，英伟达启动独立调查
At 63, Jensen Huang had worn his black leather jacket for more than 30 years without a misstep. Last night, he tore down his own public image.
On November 8, U.S. time, he sent an internal letter to all employees, opening with an admission: “I was unfaithful to my wife, hurting her and our children. There is no excuse, and I am deeply sorry.” The same day, Nvidia’s board announced it was forming an independent committee and hiring outside counsel to investigate—not the affair, but whether he had become a target of a foreign intelligence agency. He will remain CEO during the investigation. The board said it has no reason at this time to believe that national security or company secrets have been compromised. Yet just last month, he publicly said their interactions were entirely normal.
The other party, Alice Huang (Huang Le), is a former executive at Megaspeed, a Singaporean data center company. Over the past two years, the company has bought more than $4.8 billion worth of Nvidia chips, making it one of Nvidia’s largest customers in Southeast Asia. The New York Times reported in late October that U.S. intelligence agencies believe she passed information to Beijing and was allegedly recruited by China’s Ministry of State Security. No public evidence has been presented for the allegation, and China has denied it. The chairs of three House committees jointly wrote to Huang, requesting that he attend a closed-door briefing on November 18 and respond by November 11.
Why does this matter to crypto? Last Thursday, the Nasdaq plunged about 5.5%, with Nvidia at the epicenter: its shares fell about 7% in a single day, wiping out roughly $300 billion in market value, and dragging Bitcoin down to around $75,000. Risk assets are now being priced alongside AI stocks, and Nvidia’s CEO is in the crosshairs of its board, Congress, and intelligence agencies. Crypto can’t ignore the first signal from the U.S. stock market when it opens tonight.
An affair won’t kill Nvidia. What’s really weighing on its valuation is how long the investigation will take, what Congress will ask, and whether business with its $4.8 billion customer will continue—none of which has an answer yet.
$BTC #INVIDIA #黄仁勋因婚外情致歉，英伟达启动独立调查
