Louisiana Republican Senator John Kennedy described the controversy surrounding Nvidia and its former chief executive Jensen Huang as an “intergalactic freak show.” The scandal centers in part on an alleged extramarital relationship between Huang and Alice Huang, a Megaspeed International executive reportedly under scrutiny by US intelligence for potential espionage links. Huang reportedly resigned between November 10 and November 13, 2026, as lawmakers investigate advanced AI chip sales worth up to $4 billion, with some reports putting the total closer to $7.5 billion. Congressional hearings are scheduled for December 3 and December 10, 2026, with Huang and Commerce Secretary Howard Lutnick expected to testify, while Nvidia’s market capitalization has already fallen by approximately $430 billion to $550 billion. The allegations remain untested, and the hearings will focus on export-control approvals and whether personal relationships influenced sales to Megaspeed-linked entities.
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