Elizabeth Warren Says Nvidia Board and Jensen Huang 'Owe Congress Answers’ Over Reported Spy Ties— Wants AI Technology Kept 'Out of China's Hands'

Sen. Elizabeth Warren (D-Mass.) called on Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang and the company’s board to answer to Congress after a report that he was targeted by a suspected Chinese spy.

Wants Answers From Huang

U.S. officials determined that Alice Huang, a senior executive at Singapore-based Megaspeed, was a Chinese intelligence asset, and surveillance reportedly documented a close relationship with the Nvidia CEO, the New York Times reported Thursday.

President Donald Trump was briefed on the findings about a year ago but decided against acting, the report said.

“Huang and NVIDIA’s board owe Congress answers,” the Senator said in a post on X Thursday.

She added that a “bipartisan legislation” is needed to restrict advanced AI technology and keep it “out of China’s hands.”

NVIDIA CEO Jensen Huang was reportedly "targeted" by a suspected Chinese spy whose Singapore-based firm bought billions in AI chips.

Huang and NVIDIA’s board owe Congress answers.

And we must pass bipartisan legislation to keep our advanced AI technology out of China’s hands.

— Elizabeth Warren (@SenWarren) October 29, 2026

Nvidia did not immediately respond to Benzinga’s request for comment.

In June, Warren had invited Huang to testify before the Senate Banking Committee on Nvidia’s China sales, arguing they could hurt U.S. national security even as they boost profits.

Nvidia Pushes Back

Officials had previously suspected Alice Huang of helping China get around restrictions on advanced AI chips, and surveillance allegedly showed she was also passing information directly to Beijing, according to the report.

An Nvidia spokesperson told Benzinga that Megaspeed is “no different than many other regional cloud customers” and that Huang talks with “thousands of customer executives every year.”

The diversion allegations, the spokesperson said, were “thoroughly investigated and debunked last year.”

Nvidia, Commerce Department ‘Doing Nothing’ on Chip Smuggling

Chris McGuire of the Council on Foreign Relations said that the report shows chip diversion to China through Southeast Asia is as bad as many have asserted, and that Commerce Department and Nvidia are doing little to stop it.

He called it “undoubtedly the largest illegal transfer of controlled technology in world history.”

Today's report in the NYT confirms that not only is the problem of Nvidia chips being diverted to China via Southeast Asia as bad as many people have asserted, but also that the leadership of the Department of Commerce and Nvidia are very likely aware of this, but are still doing… pic.twitter.com/K63sPd6Nt6

— Chris McGuire (@ChrisRMcGuire) October 29, 2026

He also called Nvidia’s response as “non-serious,” saying multiple investigations proved the Megaspeed allegations rather than debunking them, and that companies like Nvidia can’t be trusted to regulate themselves.

This is such a non-serious statement by Nvidia. First of all, it is false that the allegation that Megaspeed was providing China access to controlled chips were debunked–if anything, they were proven by multiple investigations.

Second of all, Nvidia's statement also said,… https://t.co/jvgOKUsTX5

— Chris McGuire (@ChrisRMcGuire) October 29, 2026

Price Action: Nvidia’s shares closed 0.80% lower on Thursday to close at $213.66 and lost 1.64% to $210.15 in extended trading.

Benzinga Edge rankings indicate Nvidia’s stock has a Momentum score in the 63rd percentile and a Growth score in the 98th percentile.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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