Law firms circle Nvidia as Trump says FBI is looking into Huang affair

The inquiries are stacking up. Nvidia's board is investigating whether Huang was targeted by foreign intelligence, though it says it has "no reason to believe that either national security or Nvidia secrets were compromised", and Huang is due to meet Congress committee leaders behind closed doors on 18 November. The committee has cited concerns over Nvidia's security protocols against foreign adversary espionage. China has denied that Alice Huang was its agent.

A separate report by Bloomberg claims Nvidia intervened in a US government probe into Megaspeed, the Singaporean datacentre company where Alice Huang was an executive. Megaspeed has been investigated over allegedly smuggling $2 billion worth of Nvidia AI processors into China, and Bloomberg reports that Nvidia's general counsel Tim Teter contacted the Bureau of Industry and Security about the probe, with staff told to route Nvidia requests through the bureau's head. The Justice Department later asked the bureau to pause its efforts in late 2025. Nvidia has said its due diligence found no signs of diversion, and Megaspeed says smuggling claims were "thoroughly investigated and debunked".

There is no clear proof that Alice Huang had a direct role in influencing Huang to push for resumed AI chip sales to China, and Trump said Huang told him he had "absolutely no idea" she was a spy. Any shareholder suit is likely to be a marathon rather than a sprint: a class action over Nvidia's conduct during the 2017-18 cryptocurrency mining boom, filed in 2020, has been dismissed, revived, sent to the Supreme Court and back down again, and may only reach trial in 2026, eight years after the events.