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Jensen Huang's relationship with a Chinese spy. You know, I consider him a decent man. I think he probably has an excuse for that, you know. It seems that the CEO of the world's second most valuable company, Nvidia, which was just overtaken by Apple, was actually secretly swapping his wife for a Chinese agent. Yes, and I don't mean to be rude. I mean it in the sense of espionage. In other words, Jensen Huang, CEO of Nvidia, a company worth over $4.5 trillion, apparently had an affair, as he now admits, with a hot Chinese spy sent by Beijing's Ministry of State
Security. So where are we in 2026? What does this mean for the stock and for the whole, well, you know, Nvidia company and the whole artificial intelligence market? We will analyze everything we know. I just want to start by introducing you to the two most powerful cyberweapons of 2026, and they are really important to know about. They are not sponsors of this video. One of them is the Blackwell 300, powered by CrowdStrike. This is a $4.5 million stand. Uh, and there's another counter. Oh, I mean, there's another asset, uh, and it's a Chinese spy. Another cyberweapon, I guess. Well, okay. So, here's what we have. In fact, Jensen, the CEO of Nvidia, himself admitted to sleeping with this
person, who turned out to be a Chinese spy. Uh, there's actually a company called Culper Research that has been pointing out suspicious relationships between this woman and, frankly, Nvidia for quite some time now. Let's take a look at some of this. So, apparently you have this company that as of May opened a short position on Nvidia and made their research public, uh, public here. They claim that Nvidia claims that none of its business goes to China, but there have always been questions about why so many Singaporean companies have suddenly become big Nvidia customers and why China somehow continues to gain access to Nvidia's latest and greatest chips Well, according to their research, they
found a company called Megaspeed, and essentially, in the financial statements, they found that the money that was coming from Alibaba was showing up in almost equivalent amounts in the statements of Alibaba subsidiaries like Megaspeed. And as a result of purchasing such a large number of chips, Nvidia gained a warm relationship and individual contact with Jensen Huang, which may have ultimately led to the relationship that developed between Jensen and the Chinese spy. So, Jensen's name is Jensen Huang. Her name, her Americanized name-Alice Huang. And this led many people on social media to joke that two Huangs is not always right. But others rightly point out that legally she is not Huang.
Apparently, according to the documents, she is Huang Li. So she's not related to Jensen, which is probably for the best. But Jensen admitted to the affair, which was rumored to be what would eventually happen. Here is this letter. A message to our company, written in lowercase letters so you know-this is not artificial intelligence. I owe my family and all of you an apology. I was unfaithful to my wife. By the way, they don't have a prenuptial agreement, which we'll mention later, because there are precedents, like the story with Bezos or, frankly, with the CEO of Intel, who wasn't its
founder. So, you know, we're going to have to clarify this situation a little bit. But in any case, I was unfaithful to my wife. My actions hurt her and our children. Note, many of Jensen's children actually work at Nvidia. For example, I'm pretty sure that at least two of them are adult children who hold vice president positions at Nvidia, but that, while it will be awkward for them in the office tomorrow, doesn't really matter here. There is no excuse for my actions. I am deeply sorry. Throughout my life, my family has given me love and support. They deserve my honesty and dedication. Instead, I let them down and destroyed the life we were building together. I take full responsibility for everything I have done and the
pain I have caused, and I accept the criticism that comes with it. My wife and family, I love you. I know that an apology cannot fix what I did. I hope that our family will heal and that in time I can regain your trust. Yes, the credibility in this matter has fallen to zero, that's for sure. In any case, my colleagues at Nvidia, including those I've worked with for decades, as well as our board partners and shareholders around the world-you deserve better from me. Leading Nvidia is the privilege of my life, and it is my duty to serve and be worthy of your trust. I have not been up to the task, but I am fully committed to Nvidia and will work to earn back your trust. Regarding the
national security issues raised in the news, the board of directors has launched an independent investigation. I support this investigation and will cooperate fully. I love our country and our company, and I am committed to protecting Nvidia and supporting America's national security. I am proud to be an American, and grateful for it. My family is not responsible for my choices. So, many people are now spreading the idea that Jensen intentionally pressured the Trump administration to sell Nvidia chips to China through this woman. My opinion on this is very brief: Jensen would have liked to sell chips to China anyway, and he lobbied for it because they are a huge customer.
Jensen's argument has always been: " Hey, if we sell them chips, they won't be forced to make their own, which means our production will remain better." Remember what's happening with CX, it's a memory chip company. They were forced to use older DUV technology to create high-bandwidth memory, or DRAM. I don't think they've reached the level of HBM production yet, but they do make DRAM, and now they've invented a way through multiple pass-through to produce DRAM in China very cheaply, with 80% margins, competing with Micron and other South Korean companies like SK Hynix. So now many are saying, "Oh my God,
Nvidia is going to kill the AI business." We put restrictions on their ability to make chips, but they still figured out how to make DRAM using old technology. So the restrictions apparently didn't work, and now our memory stocks are falling. So there is a certain precedent that when you corner someone, they start cheating. Sorry. What? Sorry. When.when.There's a certain precedent that when you back someone into a corner, they still find a way to make it work, right? It's kind of like. uh. necessity, I don't know what the word is, but there's a quote that says
necessity breeds innovation, right The Chinese are truly incredibly skilled at innovation. Okay, listen, we have to stop these insinuations. Okay, we know that Jensen is Iron Man. In any case. OK. Jensen says that all the interactions were completely normal and unusual, and that he did nothing to support China in any way, and they didn't get any.They didn't get.They didn't get any state secrets. They had nothing to give. Of course, rumors on the Internet say otherwise. Most people on the internet think, "Oh, okay, yeah."
The last thing you see before you give up all the secrets of the country. Yes. But on the other hand, it's X. So you have a whole bunch of memes. Here is another example. This is Jensen's wife. They've been together since before Nvidia came along And so, you know, a lot of people say, "Hey, well, what's the difference? You know, even if Jensen had a prenuptial agreement, does it matter?" Yes, that would matter. Again, we'll talk about prenuptial agreements in a moment, but as far as I've been able to research, there aren't any.
I may be wrong, but this means that Ms. Huang, who is likely to be divorced soon, has a fairly significant stake in Nvidia. And some suspect that this will cause Nvidia shares to crash. Some fear that Jensen will eventually just be kicked out. I mean, if we look at how much Nvidia stock Jensen owns, you might think, " Okay, half of that could go to her for sale." So that's about a 1.25% impact, assuming she sells all 435 million Nvidia shares. Wow, that's a hell of a lot of money. In any case, even though Jensen said there was nothing unusual about it, he has now come forward and admitted to the affair.
This came after an intelligence memo from Marco Rubio that said, "Yes, she's probably a Chinese spy." And that, frankly, the Chinese Ministry of State Security was training spies to prey on people in very powerful positions, which of course made people, including in our CIA, people in the Trump administration, again, including the CIA, say, "Well, yeah, that makes sense." As Peter Mattis, a former CIA and counterintelligence analyst, and others even inside the CIA say, "Oh, yeah, it's understandable why you would want to hunt Jensen. We want to get a distribution of the latest and greatest chips. There is big money at stake here, as well as national security tied to who has the most powerful cyberweapons. In this
case, it turned out to be a woman. I mean, anyway. Um, okay, let's focus on that for a moment. This is an article in the New York Times where they say that China's main spy agency was recruiting women. Essentially, a recruited woman who targeted Jensen. So the idea was, " Hey, let's find someone attractive and have them, you know, work for a spy agency, lead a double life, and eventually you get the job." "And this job can gradually push you into a position of power and access." And that's what we have here as a buyer of Nvidia chips. Alice Huang. Okay, a little information about her. Chinese name Huang Li, a Chinese citizen, again, not related to Jensen. Manager at Mega Speed International. This is a Singaporean company.
She is listed in the records as the managing director. She has since left the board of directors. She publicly introduced herself as the CEO of Mega Speed. At least, that's what she's claimed in the past. And now, of course, you know, people say, "Okay, well, her resume could be completely fabricated." "For example, Mega Speed, where did they even come from?" Well, they were renamed from a company called Seven Road International in March 2023 when GPT came into being. So, all of this goes back to the time of GPT. This is also the moment when suddenly Seven Road International simply became Huang Li's company. In fact, it has moved to Huang Lee Limited.
Yes. OK. So, in any case, the Wall Street Journal has been questioning the activities of this company for some time, and there were even rumors that the Singaporean authorities and the Taiwanese authorities may have been trying to track her down and send people to do surveillance or, let's say, private detectives to find out who this woman was and what she was really up to. This is what the Wall Street Journal writes about. Robbie Whelan, he even wrote an article about me. Robbie Whelan claimed that Taiwan and Singapore were conducting their own investigations. Of course, these countries publicly deny
these investigations, which is not at all surprising. So you have this really strange background of the origin of this company. However, suddenly they have a lot of money to buy graphics processors. Now you may ask, what was Seven Road originally? Well, it was created in 2023 in Singapore, and was spun off, apparently, from just a random Chinese gaming company. And among the owners of Seven Road are the central government of China, that is, the CCP, and local governments, which is a very, very common occurrence when local governments take ownership stakes in local businesses. That's the opposite of what you see here in America with capitalism, right? They want pieces of the pie.
Now the short seller also reported that, you know, according to their investigation, every time Megaspeed employees met with Jensen, Alibaba executives would show up, and it's like, "Dude, this is too obvious." Like, why do Alibaba executives show up every time Jensen comes over? And so many people think it's because there may have been a lot of women who were accidentally set up for a one -on-one business meeting with Jensen, which with a little alcohol could then turn into a party at my house. Not that Jensen necessarily drinks.Oh, just kidding. Here is Jensen in Germany. I watched all of this and it had nothing to do with the hot blonde German girl on the left. Uh, I watched this interview,
although I didn't get anything useful out of it. But the only thing I understood was that Jensen made a remark about the bartender. And I'm like, "Okay, this guy can walk." We've already seen him drink shots. We've already seen him sign a woman's breasts. Maybe this was an early indicator. But anyway, listen to this interaction for a moment, because you'll hear Jensen comment about what helps him settle in, and then you'll realize, " Yeah, this guy doesn't mind a drink." Although , you know, honestly, if you had his fortune, m-maybe it would be okay. But in any case, there is no justification for betrayal. Listen to this.
I see you are already making yourself more comfortable for our conversation by the fire. Also, also a bartender. You can even hear a hot German girl say, "Ho-ho-ho, this guy really drinks a lot." Oh my God. Who knows, maybe she's a spy too. They are all spies. You know, who knows, maybe Murph is a spy too. Now they are all spies. But, in any case, obviously we have to have a little.now this is a little background on what happened. There were also letters from Congress regarding this, which I will show one of them. You have a letter from Congress signed on November 4th.
Mr. Huang, we are writing to request that you appear before our committee for a joint closed-door briefing regarding Nvidia's security protocols against espionage by foreign adversaries and your interactions with a publicly known PRC intelligence asset. Devil. What an introduction. Who are you? Oh, I'm an intelligence agent for the People's Republic of China and the head of Mega Speed, Alice Huang. Oh, my God. Recent reports raise serious national security concerns regarding China's access to sensitive US technology and information. Oh, yes. OK. Either way, it's clearly a bad day for Jensen. So what does this mean for stocks, especially given that people like Marco Rubio are taking on this issue.
Back in April and May, Marco Rubio was essentially telling Donald Trump, "Dude, this guy, he's connected to a Chinese spy." Eh, Jensen Huang was actually later removed from the list of participants for the trip to China in May. And then at the last minute they invited him back because the White House basically knew, "Okay." "Yeah, it would be awkward if we took Jensen to China now." In the end, they took him to China anyway. A strange coincidence, I suppose. But, in any case, Jensen also regularly, but did not deny that something unusual had happened. And I can imagine Donald
Trump as that guy asking, " Hey, did you know her?" Like, "You know, nothing unusual happened, sir." " Okay, take him with you." You know, I can imagine Trump just making that decision. But, in any case, China eventually received permission to produce the H200 and weaker models, as well as access to older models. And many believe that the connection between this Chinese agent and Jensen contributed to the lobbying that allowed this to happen. Again, I think this would have happened anyway. For example, Jensen donated $20 million to Donald Trump's White House Ballroom Foundation. And then a lot of people say, "Oh, Kevin, you know, but public companies are donating to fund the ballroom." And it's like, "Yeah, sure, but they're
funding the hall with their own private money to benefit from Trump An invitation to China, for example, access to China, or whatever. Anyway, okay. So, China's response to all of this is that it is baseless and a smear campaign against China. Of course, Jensen admits it now. And so now it's like, " Oh, so when China calls something baseless, you can't really trust it." And so, of course, many people ask, "Okay, so what does this ultimately mean for the company?" Well, I'll tell you, a lot of people are like, "Dude, Lisa Su is getting really hot right now." You know, maybe it's time to change course and buy some
AMD stock. I have a small, relatively small investment in both AMD and Nvidia. I sold a bunch of Nvidia shares at around 195 because I had to pay taxes on a large asset I sold, so there was a capital gains tax. I'm fine. But I like both companies. I actually think they're both pretty cheap. Now I'll show you. So, AMD now has a PEG ratio of close to one. Yes, they could probably double in price. I think they.they're in a very advantageous position. But they only have about $554 million in free cash flow, so they're essentially giving away their.shouldn't have said that on YouTube. In short, that's why they give their shares to OpenAI for pennies in exchange for OpenAI wanting to use AMD chips or agreeing to do so.
So, you know, there are some questions about the pricing power at AMD. AMD's margin is not at all the same as Nvidia's. AMD's gross margin is around 54%, although their revenue is quite good. I say this quite sincerely. In the last 3 months their income was literally 1337. I do n't think we'll ever see that again. Take a moment to realize this. And if you don't know what 1337 means, I wrote it down for you-it's a slang spelling of the word "elite." But who actually has a more elite margin is Nvidia. And if we move on to Nvidia, Nvidia is actually trading much cheaper right now. Nvidia is trading at about half the valuation that AMD is trading at, which is just crazy. And 5090s
continue to rise in price. We monitored this during live broadcasts for course participants. This.let's see. I bought a bunch of 5090s at 2900 and 4900, and they are currently trading for about $7500. That was what I said on October 5th. I'm pretty sure they're already getting close to $10-11k now, which is really ridiculous. But that's because you can literally use these 5090s. They also have the Blackwall 6000, but you can use these 5090s for Qwen models. Okay, yes, I mean there is some stock available right now. This.yeah, okay. There.it seems like two things just appeared. I'm tempted to buy them. They weren't here an hour ago, it seems, maybe yesterday. But there are two available for $7,800. But you see that the price
is increasing, which is very strange, because in 30 days the price still went up. The price of them continues to rise. And it's very rare to get them, because they're usually sold out everywhere. Here someone listed them for $9,400. If you want to build a PC now with a 5090, you're paying almost 10k for it. And most of them are completely sold out. Sometimes, if you search, you can still find them, but, you know, people ask, "Is this person really going to deliver this chip for $7,700, when the next best price is $8,500?" So the price has increased by several hundred dollars even in the last 30 days. And again, it should move in the opposite direction. In fact, even more than a few hundred dollars.
You see, you have two left in stock, and they're $500 cheaper. This is madness. 8% in 30 days, right? But again, that's just one chip. If you look at Nvidia's financial statements, their profits, well, I hate to admit it, but they're just incredibly good. Here are the profits they have, this is their gross profit in the annual report. And if I get a very expensive calculator. It actually cost $4.99 before inflation. But whatever it is, 72.1/96.2, I get a return of about 75%. So, they have about 50% higher profits than AMD. The thesis is that AMD makes a lot of mini PCs and they only get access to data centers; this data center impact is much smaller than Nvidia's, and so they will also catch up with them in terms of profitability, as AMD has more
pricing power. Listen, I personally believe that you should just buy, well, let's say, form a basket. This is what we do. At Reinvest 1, we send out trade alerts for things like, you know, put sales, etc., buys or sells, but we also have this little basket. And in my opinion, you're buying a piece of this whole basket by getting access to both Nvidia and AMD. This is a basket of probably about 33 stocks at this point. These are my favorite 33 stocks, and we have a good balance there. But of course, with all this fundamental analysis and the work that we do, you can join us at reinvest1.com and see everything you get. We have an expiring coupon in honor of Jensen. It is called PP. It was actually in honor of the Producer Price Index (PPI), which
is due on Friday, but, you know, PP seems appropriate. So hurry before this lifetime access opportunity disappears. Join us at reinvest1.com. But let's focus, for example, on AMD for a moment. As for AMD's actual access to servers, I'd say it's. let's see. We'll go over some of the notes I have here. This is only a fraction of what Nvidia has. So, Nvidia is about 90%. This is not true. I shouldn't have called it a particle. Of these, 62.8% are data centers. Here is the actual figure. So, again, Nvidia is ahead in data center performance by about 50%. And, of course, some people wonder: "Okay, so how much more can the stock go up?" In any case, here's how we estimate the cost. Nvidia is already pretty cheap. But then again
, people ask, "Okay, what if he gets divorced?" Listen, here's my opinion. First of all, if we want to understand the state of the economy right now and prenuptial agreements, this is the best graphic illustration I can show you. This is effectively the entire world economy, and we are hanging on to this "hook" of Jensen's wife. The reality is that even if she eventually dumped all of her shares, I think it would most likely be a situation similar to the story of MacKenzie Scott, who divorced Bezos after he, you know, did something. She eventually agreed to 25% of their fortune. She didn't even claim the full 50/50, which as far as we know she was fully entitled to, since they didn't have a prenuptial agreement either.
Honestly, I have a lot of respect for her And then she started, you know, now she's doing charity work and selling stocks from time to just give money directly to good causes that she believes in, and I think: well done. So, she didn't take it all in and throw it away at once. I don't know if Jensen's wife would do that, and we also don't know if they'll eventually get divorced. Some will eventually see this and hope they can work out their differences. It appears they don't have a prenuptial agreement, and that's important because even though Nvidia was created before they got married, some people think a prenuptial agreement doesn't matter for something that was created
after they got married. This is wrong. Most prenuptial agreements specify what happens to assets created during the marriage as well. So, most good prenuptial agreements already include the option of you eventually creating a trillion- dollar business. This would have been taken into account in advance Since there isn't one, and they're in the state of California, which will be very favorable to Jensen's wife, I'd have to say she's entitled to 50%. And that would be about 1.35% of Nvidia shares. Now some are arguing that the main problem is not what Laurie will do. The main problem is really what people in the market will do, because right now it seems like maybe Lori isn't really that important. What
matters is, will people look at Jensen differently? Will people say, "Oh, Jensen, you know, he fell for a Chinese spy." He is not suitable for the role of leader. He will be released. In my opinion, he will never be released. He founded this company. He essentially brought her to her own level, almost bankrupting her. I mean, he put everything into this company. I don't see him going anywhere. Can I imagine Lori taking her shares and running away? Yes, completely. Will Spencer and Madison, the kids who also work at Nvidia, escape? No, hardly. Remember, Bezos got married in 1993, and they founded Amazon in 1994. So the situation here is similar. And then he divorced after an affair on the side in
January 2019. They settled their divorce within 3 months. So Mackenzie said, "I just want this to be over." You know, there was also Bill and Melinda Gates, who divorced in 2021, also without a prenuptial agreement. And in June 2018, the CEO of Intel had a brief affair with a company employee. He was eventually fired, even though he had worked at Intel his entire life. He was not one of the founders of Intel. So I don't think Jensen is going anywhere. Yes, it's a stain on Jensen's reputation, but do I feel justified in saying, "That's it." "Drop everything and sell Nvidia shares when the PEG ratio is
0.6?" "No, I think that's an exaggeration." Do I think this will change Nvidia's trajectory in any way Um, this will probably lead to new investigations by the Democrats, although they were already ongoing. Now that the secret is out, Jensen will be under such close scrutiny that it will be extremely difficult for him to pull something like that again. Although, you know, if he gets divorced, the question arises: who will he date then? You're technically not cheating anymore, but who are you dating? Now, during overnight trading, Nvidia shares are down about 3.5%. The Nasdaq 100 fell just 0.07%. So at the index level, the markets essentially don't care. My father- in-law wrote to me about this. I asked, "
What do you think about this?" He replied, " I think the market will just go up tomorrow." AMD actually fell too. This is just a collective pullback due to panic in the AI market My opinion: This may sound like a worn-out record, but buy on the dip. This is really very unfortunate. I do not justify betrayal. I think that's terrible. But will this be the downfall of artificial intelligence? Is this the end for Nvidia or Jensen? No. Will the memes be crazy? Yes. This is what it looks like. DLSS 5 off vs. on. Gives a little more depth, if you will.
Some say that the main lesson from Mark Zuckerberg is to choose an Asian wife right away, and then there won't be such a problem. Of course? And of course, others are spreading the theory that Nvidia's real vulnerability wasn't in the chips. And literally in the CEO himself, who, of course, saw something similar before revealing all the secrets. Liked the video-watch this. I think you'll like it. Why not publicize what you told us here? I don't think anyone else knows about this. We'll try some advertising and see what happens.
Greetings, friend. You have done so much. People love you. People look up to you Kevin Paffrath, financial analyst and YouTuber. Meet Kevin. It's always nice to hear your opinion.
