Alice Huang, also known as Huang Le, previously served as a director at Singapore-based Megaspeed, an “NVIDIA cloud partner” that was incorporated in 2015 under the name 7Road International before renaming itself Megaspeed International in March 2023. At that time, all shares were transferred to Huang Le Limited, a company registered in the British Virgin Islands, and Alice Huang became the controlling shareholder. Megaspeed faced U.S. scrutiny in 2025 for allegedly circumventing export controls and routing advanced Nvidia chips to China.

By November 2023, Alice Huang was no longer listed as a director at Megaspeed, and her shares were transferred to Singaporean businessman James Tan. However, a May 2026 report by short seller Culper Research cited a Megaspeed employee saying she was “actually still our boss” and remained involved in the company’s daily operations. Before Megaspeed, Alice Huang held senior roles at Chinese investment firms including Shanghai Hexi Investment Co., HSBC’s Hong Kong private banking arm, and CITIC Securities.

Nvidia’s board said it has “confidence in Jensen” and that it has “no reason to believe that either national security or Nvidia secrets were compromised.” The company announced an internal investigation into the matter. Shares of Nvidia fell 4.3% on Monday, wiping $190 billion from its market value after a shareholder lawsuit was filed in San Jose federal court. The lawsuit alleges that the company defrauded investors by concealing Huang’s ties to Alice Huang and the associated national security risks.

China’s Foreign Ministry denied the spy allegations, calling them “unsubstantiated smears.” The Associated Press was unable to reach Alice Huang for comment.