The Jensen Huang scandal is just the beginning—the real bombshells are still to come!

I. The Core of the Event: From a Personal Scandal to an Industry Shock

On November 8 local time, NVIDIA founder and CEO Jensen Huang issued a letter to all employees, admitting that he had been unfaithful to his wife and apologizing to his family, employees, and shareholders around the world. Almost simultaneously, NVIDIA’s board of directors issued a statement announcing an independent investigation led by independent directors, focused on responding to reports that “Jensen Huang had become a target of a foreign intelligence operation.”

The board’s statement made three points clear:

1. An independent committee of directors will conduct a comprehensive investigation in collaboration with outside counsel;

2. There is currently no evidence that U.S. national security or NVIDIA’s core confidential information has been compromised;

3. Jensen Huang is fully cooperating with the investigation. The board remains confident in him and the management team, and he will continue to serve as CEO.

In his letter, Huang said he would devote himself fully to the company’s operations, regain the trust of all parties, and emphasized his “commitment to protecting NVIDIA and supporting U.S. national security.”

II. Three Key Perspectives: Understanding the Deeper Logic Behind the Event

1. Sensitive Identity: The “Opening” the Democrats Were Bound to Seize

As the head of the global AI computing empire, Huang’s personal conduct was quickly tied to the narrative of “foreign intelligence activity.” At its core, the Democrats are using a personal scandal to try to gain control over NVIDIA.

2. Precise Timing: The “Coincidence” of Earnings and a Hearing

NVIDIA is scheduled to release its third-quarter earnings on November 17, while the Democrats have asked Huang to attend a closed-door congressional briefing on November 18. This timing is no coincidence—NVIDIA’s earnings have long been a barometer for the U.S. tech sector, and by holding a hearing the day after the earnings release, the Democrats are sending the market a direct signal: “I hold the power to set U.S. stock prices.”

3. Partisan Struggle: A Reshuffling of the Distribution of Interests

Whether Democrats or Republicans, both are essentially representatives of interest groups. By creating volatility in the tech market, the Democrats are channeling funds into assets connected to them while signaling to Wall Street that “loyalty is the price of survival”:

• To Democratic donors: Send the message that “the spring suppressed for two years has arrived,” and demand certainty around election funding;

• To Republican donors: Apply pressure with the stance “pledge allegiance or be destroyed,” and demand that they cut ties with Trump.

III. The Impact: Chain Reactions from the AI Industry to the Global Economy

The Jensen Huang scandal has long since gone beyond the bounds of a personal scandal and become a defining event in the redistribution of interests between America’s two parties. A clear “reverse alignment” is set to emerge:

• Whatever Trump advocates, the Democrats will seek to claim;

• Whatever Trump opposes, the Democrats will seek to court.

For investors, the key right now is not to debate “whether the AI industry is in a bubble,” but to understand the underlying logic of America’s political maneuvering:

• Pick the right side, and you could be set for immense gains over the next 6 years;

• Pick the wrong side or fail to understand the power struggle, and you will ultimately be mired in trouble and forced to sell at a loss.

The turmoil sparked by the Jensen Huang scandal is only just beginning.

Source: Compiled from public information, including Sina Finance, East Money, Tencent News, and NVIDIA’s official statement