- Jensen Huang resigned as CEO of Nvidia following reports of an affair with Alice Huang, a suspected Chinese spy who allegedly used the relationship to bypass U.S. export controls and ship microchips to Chinese firms.
- The scandal, which also involved a second affair with Nvidia Vice President Kimberly Powell, prompted an internal board investigation and caused Nvidia's stock to plunge 10 percent, wiping out hundreds of billions in market value.
- President Donald Trump publicly suggested on Truth Social that former Apple CEO Tim Cook, who currently serves as Apple's executive chairman, should replace Huang as Nvidia's new chief executive.
- Lawmakers from both political parties expressed severe national security concerns, with House Republicans demanding closed-door testimony from Huang and Democratic senators insisting on the preservation of Nvidia's China-related records.
- Huang issued an apology memo to Nvidia employees acknowledging his infidelity to his wife of 40 years, while Beijing dismissed the espionage allegations as an effort to smear China.
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