Nvidia’s CEO Jensen Huang just broke the internet with a story straight from a James Bond movie.
Over the weekend, Huang told employees he was involved with a woman who U.S. intelligence believes was gathering information for China.
It’s the biggest story in the market. And as expected, the memes are out of control…
Nvidia’s board has since launched an independent investigation. House Republicans want Huang to testify. And Wall Street is suddenly asking a question nobody anticipated: what is Nvidia without Jensen?
One analyst put it bluntly: “Jensen is not replaceable.”
As a result, NVIDIA Corp. (NASDAQ: NVDA) fell about 5% on Monday while the rest of the chip sector ripped higher.
But I traded NVDA last week. And it paid off.
It wasn’t luck. It wasn’t a headline. It was a specific pattern I’ve watched play out again and again.
And I’m looking for the next setup.
The Whole Story
It started at a bar in Taipei.
In June 2024, Jensen Huang was spotted with a woman named Alice Huang (no relation). She was an executive at Megaspeed, a Singapore-based data center company. And an Nvidia customer.
A very big customer…
According to The New York Times, a Megaspeed affiliate bought at least $4.8 billion worth of AI equipment loaded with Nvidia chips between mid-2024 and early 2026.
That got Washington’s attention. The Commerce Department was already looking into whether Megaspeed was helping Chinese firms get around U.S. export rules.
Then, on October 29, a bombshell dropped.
The Times reported that U.S. intelligence had concluded Alice Huang was recruited by China’s Ministry of State Security. Her alleged mission? Get close to Jensen and pass information back to Beijing.
Here’s where it gets juicy.
Wired reports that Huang hired Heller, a crisis PR firm best known for handling infidelity scandals, as early as October 2025. That’s more than a year before he admitted his actions to NVDA employees.
Last weekend, he finally did.
In a memo to staff, Huang admitted he’d been unfaithful to his wife, apologized to his family, and pledged to cooperate with the investigation.
And the fallout is just getting started:
- Nvidia’s board launched an independent probe.
- House Republicans want Huang to testify on November 18.
- President Trump pledged to stand by him anyway.
Nvidia says it has no reason to believe any company secrets were compromised.
China calls the spy allegations groundless. Alice Huang hasn’t responded to reporters at all.
But for a stock already down roughly 22% from its October all-time highs, uncertainty is the real enemy…
My NVDA Trade
Before last weekend, during the blue-wave midterm tech selloff on Thursday, November 5, I sent this alert to traders:
“BUY NVDA 11/11/26 192.5 CALLS”
“This is a very rare day. On these sell-offs, buy the best of the best… Don’t overthink it.”
On Friday, the stock rebounded as I predicted, and we locked in gains.
“NVDA looks hot early. Let’s book the money and have a great weekend. Exit by 10:30.”
Then, over the weekend, news broke about Jensen Huang’s affair with an alleged Chinese spy.
Always remember to lock in gains.
We had no way of knowing this story was coming, but that’s the reality of the market. Anything can happen at any time.
I was playing a reversion trade setup on NVDA. It’s when a stock falls too far too quickly and momentarily rebounds.
I didn’t need it to trade back to the highs. I didn’t even need it to reach the pre-selloff level…
With short-dated contracts, the percent change of the underlying stock is multiplied exponentially.
On Friday, NVDA only bounced 7% from the Thursday lows, but with our contracts set to expire on November 11, the 7% move was MUCH larger.
And now NVDA is on an even bigger selloff…
Keep an eye on this story, look for intraday support, and get ready for a rebound from the market’s most popular AI stock.
Stay Street Smart,
Jeff Zananiri
