Jensen Huang Agrees to Testify Before Three House Panels Before Thanksgiving, Mast Says

Since Jensen Huang resigned as Nvidia CEO on Nov. 12, the pressure has moved from the boardroom to Capitol Hill: Huang has agreed to testify under oath before Congress, according to House Foreign Affairs Chairman Brian Mast (R-FL).

Mast told reporters Huang agreed to appear after several senior lawmakers threatened to subpoena him. The testimony is expected before Thanksgiving. No date has been announced.

What the House testimony looks like

The session will be behind closed doors, Mast said, but it will be recorded on video and transcribed. Three bodies plan to take part: the House Foreign Affairs Committee, the House China panel and the House Intelligence panel.

Mast has been openly at odds with Huang over export controls. He said that history is not the point here. "Nvidia is a very important company to the United States of America," Mast said, adding: "I don't want to see anything hurt in Nvidia, but he has some very serious questions to answer."

Those questions center on what Huang may have disclosed or discussed during his relationship with Alice Huang, a former senior executive at Singapore-based Megaspeed. Huang admitted to the affair in a company email posted Nov. 8. "I was unfaithful to my wife," he wrote.

The spy allegation and the denials

The claim that Alice Huang worked for Chinese intelligence comes from U.S. intelligence officials, who reportedly believe she was recruited by China's Ministry of State Security. China's foreign ministry rejected that on Nov. 10, calling the allegation groundless and a smear against Beijing. On Friday, a ministry spokesperson said it was not aware of reports linking restricted Nvidia chips to a Shanghai data center associated with her.

Singapore's record is narrower. Its Ministry of Home Affairs said police seized her passport in June 2025 as part of an investigation into possible false declarations on server purchases. In February 2026, police found insufficient evidence that she had committed offenses tied to those declarations. The ministry said, however, that she had knowingly given inaccurate information about her role at Megaspeed. She received a warning, was barred from re-entering Singapore, and got her passport back that month.

The ministry said its investigation into Megaspeed and six other individuals remains ongoing. It did not name them or describe their roles. It also said it received limited help from U.S. authorities despite repeated requests for information about server maker Supermicro.

Shareholders sue

A class action filed by the Rosen Law Firm alleges Huang and Nvidia misled shareholders about the national security concerns raised by the relationship, and that the omission artificially propped up the share price. "Plaintiff and other Class members have suffered significant losses and damages," the complaint states. These are allegations in a complaint, not findings.

Nvidia's board opened its own independent inquiry on Nov. 8 into whether Huang was "the target of a foreign intelligence effort."

Money and succession

Nvidia's market value has dropped below $4 trillion from a peak of $5 trillion, according to Fortune. Crypto Briefing calculates the stock's forward price-to-earnings ratio has compressed to roughly 12x, the lowest since 2012.

Reuters reviewed procurement notices, investment plans and corporate disclosures and found more than $3 billion in Chinese AI computing projects that rely on Nvidia's restricted processors now face uncertainty.

The board named CFO Colette Kress interim CEO, and she keeps her finance duties. It also named Harvey C. Jones as Nvidia's first board chair. The Financial Times reported that Nvidia has approached Arm Holdings CEO Rene Haas, citing sources who said an offer or acceptance is not guaranteed. Analysts quoted by Reuters also name Ian Buck, Nvidia's vice president of hyperscale and high-performance computing, and he is at the top of the list on both Kalshi and Polymarket. Reuters also quoted analysts who see Kress herself as a possible long-term pick.

President Trump weighed in on Truth Social, writing that "there is only one man to take his place - TIM COOK of Apple."

Nvidia's earnings call, expected Nov. 17, is likely to be Kress's first major public test as interim chief executive. The date of Huang's testimony, and what the three House panels get from him, remain the open questions.