Now that this scandal has an espionage angle, expect market disruptions, congressional hearings, and a massive uptick in Spy-Who-Shagged-Me memes

In case you didn't hear.

The US intelligence community believes that Alice Huang, an executive at a Singapore-based Nvidia customer who was said to have been romantically involved with the US chipmaker’s chief executive, was recruited as a spy by China’s Ministry of State Security. ft.trib.al/DnT9JqY

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— Financial Times (@financialtimes.com) November 8, 2026 at 9:48 AM

Good summary from Moynihan.

The Huang scandal, in brief: *had an affair with someone suspected of being a Chinese spy *Trump was warned in May *Trump insisted on keeping Huang as a trusted AI advisor *Huang persuaded Trump to let him sell his chips to China after $25M ballroom donation www.nytimes.com/2026/11/08/u...

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— Don Moynihan (@donmoyn.bsky.social) November 8, 2026 at 2:50 PM

Pretty much everything was public knowledge here - the $25 million gift, Trump's faith in Huang, the sales to China - except for the affair. And it is possible the affair had no effect on what happened. Still, looks bad. Trump insisted on bringing Huang to China after he was left off a delegation.

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— Don Moynihan (@donmoyn.bsky.social) November 8, 2026 at 2:55 PM

 

Actually the affair was public knowledge too as far back as March. (Yet another reason to read Zitron.)

Where’s your ed at readers knew all about Megaspeed at the end of March! Fascinating that it’s potentially a honeypot www.wheresyoured.at/the-ai-indus...

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— Ed Zitron (@edzitron.com) November 6, 2026 at 9:25 PM

Activist short seller Culper Research even issued a report on it last May where it described the relationship as "uncomfortably close."

Fellow billionaires and tech bros are rallying to show their support. Excellent thread by Marcy Wheeler.

Insane shit going on at Xitter over the Jensen Huang honey trap story. (Bier was a top tech person at Xitter until recently.)

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— emptywheel (@emptywheel.bsky.social) November 8, 2026 at 2:52 PM

 

There's no telling how this will play out, but the potential for market disruption is big.

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— B.J. Gunts (@bjgunts.bsky.social) November 8, 2026 at 5:22 PM

Was busy all day. Am I to understand that Huang cheated on Huang with Huang but the third Huang may have been a Chinese spy and this could now undo the US stock market?? Is this the best you guys could come up with in my absence?

— Amanda Katz (@katzish.bsky.social) November 8, 2026 at 5:59 PM