Nvidia's board just chose $13.6 billion over national security. Every director judging Jensen Huang's affair with a suspected Chinese spy gets poorer if they find something serious. In the same statement that opened the investigation, the board said it has confidence in Jensen and his leadership team. So I went through Nvidia's own proxy filing to see who's doing the judging. Here's who's sitting on that board: - Mark Stevens owns about 34.1 million Nvidia shares, worth roughly $6.2 billion. - Tench Coxe owns about 30.6 million shares, worth roughly $5.5 billion. He's been on the board since 1993, the year Jensen co-founded Nvidia. - Harvey Jones owns about 7 million shares, worth roughly $1.3 billion. He's also been there since 1993. At Thursday's close of $181.60, I count about $13.6 billion of Nvidia stock held by the 9 independent directors. Jensen himself owns about 871 million shares, or 3.58% of the company, worth roughly $158 billion. So picture the choice in front of them: If they find something serious and push Jensen out, Nvidia's stock probably takes a hit, and so does their own net worth. If they find nothing, everything stays exactly the way it is. And the board isn't the only referee with money on the line: The President called Jensen an honorable guy who probably has an excuse, and said he hopes Jensen keeps running Nvidia. Washington's own plan to let Nvidia sell H200 chips in China gives the US government a 25% cut of those sales. That plan is now reportedly frozen. So almost every referee in this story has a reason to hope there's nothing to find. The one exception might be Congress, which wants Jensen at a closed-door briefing on November 18. That's the day after Nvidia reports earnings. Jensen Huang reached the final stage of wealth: The Chinese Spy. He's way too influential to face any serious consequences, and this immunity goes beyond just an affair...