Nvidia boss Jensen Huang’s two children face a humiliating day at the AI giant where both also work, after their dad’s affair was exposed and the company’s stock price tanked.  

Huang, 63, admitted on Sunday that he cheated on his wife, Lori, with Alice Huang, a former executive at Singaporean data center company Megaspeed International who allegedly passed information to Beijing.

Nvidia shares lost just under five percent of their value as of 10:20am ET on Monday, wiping around $200 billion off the value of the microchip giant. 

Success in the US stock market, and the retirement accounts of many Americans, is closely tied to AI giants like Nvidia, Microsoft, Amazon, Alphabet and Meta.

The tech giants make up a significant portion of major stock indexes, including the S&P 500, Dow Jones Industrial Average and Nasdaq Composite. 

All three indexes dipped slightly in premarket trading Monday before recovering to above their Friday closing levels.

The market shake-up comes after Huang sent a memo to staff on Sunday admitting that he had been ‘unfaithful’ to Lori, his wife of 41 years.

‘My actions hurt her and our children. There is no excuse for what I did,’ according to a company-wide memo obtained by the Daily Mail. 

Huang’s two children, daughter Madison and son Spencer, both work for Nvidia. His son-in-law, Nico Caprez, is also a senior-level employee at the $4 trillion firm.

Madison, Lori, Jensen and Spencer Huang, left to right, at the San Jose Education Foundation annual Pioneer and Purpose Gala in May 2007

Nvidia Chief Executive Officer Jensen Huang admitted to cheating on his wife with suspected Chinese spy Alice Huang, pictured together at a party in June 2024

Nvidia shares tumbled more than 5 percent in premarket trading Monday morning, with the chip giant on track to shed around $200 billion in market value when trading begins

Huang’s extramarital relationship became a US government concern after surveillance footage revealed that his mistress, Alice Huang, was delivering information to China, an intelligence memo revealed. 

The Nvidia chief and his mistress have no relation, despite sharing the same surname. The billionaire has not admitted to knowing that Ms Huang is a spy. 

‘To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust,’ he wrote. 

Both of Huang’s children, who spent their childhoods attending Nvidia events, now hold key positions within high-priority business units at the company.

Madison, 34, works in the firm’s Omniverse division, earning $1.2 million annually, according to a proxy statement filed in May.

She is part of the small group of Nvidia executives informally known as ‘The Band,’ a source told the Wall Street Journal. The group are tasked with traveling with Huang and managing his presentation at speaking events.

But before joining her father’s business, Madison studied at the Culinary Institute of America and Le Cordon Bleu, before working for luxury goods conglomerate LVMH.

Spencer, 35, serves as the director of product management within the firm’s robotics division and earns a salary of roughly $1.3 million, public records showed.

AI giants, like Nvidia, make up a significant portion of major stock indexes, including the S&P 500, Dow Jones Industrial Average and Nasdaq Composite. All three indexes dipped slightly in premarket trading Monday before recovering to above their Friday closing levels

Before working at Nvidia, he opened a popular cocktail bar in Taipei, the capital city of Taiwan. He also earned an MBA at New York University.

Madison’s husband, Nico Caprez, a former Alpine ski racer, is one of the top executives tasked with managing the company’s relationships with cloud-computing providers.

Caprez, who started dating Madison while they both attended business school in London, joined the firm in 2024 as a corporate development manager. He was promoted to a vice president in January this year.

Even when his children were young, Jensen Huang hoped that they would one day succeed him as the head of Nvidia, an insider told the WSJ.

He also reportedly once said during an Nvidia all-hands meeting that parents would not suggest their children for roles in a company if they were not qualified to perform the duties of the job.

He added that sometimes company heirs will go on to outperform their parents. 

Lori Huang, 65, is the president of the family’s $9 billion charitable foundation. She often accompanies her husband to events.

It is unclear when Huang’s affair with Ms Huang began, but the pair were first photographed together at a bar in Taipei in June 2024.

Huang attended a state dinner that was hosted at the White House for Jinping alongside his wife, Lori, on September 24. The pair were all smiles as they spoke to Apple CEO Tim Cook

Huang (second row, far right) is pictured in Beijing with Donald Trump and Marco Rubio (in front of Huang) on May 14 – despite Rubio sending the memo about the Chinese spy allegations

The Nvidia boss was seen wearing his trademark black leather jacket and enjoying whiskey with other technology executives. 

Ms Huang sat beside him during the gathering, which followed a technology trade show. Photographs were subsequently shared on LinkedIn by technology company NetThunder.

They were reportedly seen together again in May 2025, leaving a restaurant in Taipei after a dinner attended by AI suppliers.

Nvidia’s board has said that it had ‘no reason to believe that either national security or Nvidia secrets were compromised’ as a result of their relationship, but that it ‘will examine all available information.’ Huang has supported the review, it added.

The Nvidia boss has become a critical member in President Donald Trump’s orbit in recent years because of his company’s crucial role in the acceleration of superintelligence.

Trump has defended Huang in the wake of the affair, telling reporters on Sunday night that he is an ‘honorable guy’ and a ‘fine person.’

‘He’s done an amazing job for our country,’ the president said, adding: ‘I haven’t heard that he’s done anything wrong. He dealt with somebody but, you know, so does everybody else.’

Secretary of State Marco Rubio allegedly knew about Huang’s sordid relationship as early as spring of this year, but still kept him in Trump’s close circle. 

The Chinese spy claims were only made public by the press on October 29, 2026. 

Lori Huang, 65, is the president of the family’s $9 billion charitable foundation. She often accompanies her husband to events. The couple are pictured together at the 12th Breakthrough Prize Ceremony in Santa Monica, California on April 18

According to The New York Times, Rubio oversaw the drafting of the highly classified memo this past spring that warned top Trump officials of Huang’s close relationship with the suspected spy. 

The document itself was based on classified intelligence from electronic surveillance that was conducted on Ms Huang.

Ms Huang’s exact age and early life are shrouded in mystery, but US intelligence determined that she was a senior executive at Megaspeed International.

She was also being probed for illegally smuggling the chips into China, the article stated. 

When he found out, Rubio warned other Trump officials through a memo just before the president’s trip to China, a person close to the matter told the NYT. 

Huang was initially left off the list of tech titans who were invited to join Trump in China, but it is unclear if the exclusion was because of Rubio’s memo.

However, the Nvidia boss did end up joining the president on the trip.