Nvidia scandal prompts board inquiry as Huang admits affair

The US government has separately accused Megaspeed of violating export controls and moving Nvidia chips into China without authorisation.   

Huang, 63, said he would remain as chief executive while the investigation proceeds. “My responsibility is to serve you and be worthy of your trust,” he said in his message to staff. “I have fallen short of that responsibility. I am fully committed to Nvidia and will work to earn back your confidence.”   

What this means for the people inside Nvidia   

Nvidia’s structure and culture are closely tied to Huang personally. He has built the company around a deliberately flat model, with dozens of direct reports tasked with implementing his decisions rapidly. Huang has said the approach gives the company flexibility to respond to rapid changes in technology. 

That structure also means there is no named successor. Choosing a new chief executive for a founder-led technology company is rarely straightforward, and Nvidia has no public succession plan in place. 

Nvidia reached a record market capitalisation of nearly US$5.8 trillion in October 2026, according to the Financial Times. That figure has since slipped below US$5 trillion, weighed down by concerns about the sustainability of AI infrastructure spending.