Nvidia Shareholders Sue Jensen Huang over Alleged Ties to Suspected Chinese Spy
Business
Nvidia shareholders have filed a proposed class-action lawsuit against the company and its chief executive, Jensen Huang, accusing them of concealing information about his alleged relationship with a woman whom US authorities suspect of having links to Chinese intelligence. The plaintiffs say the undisclosed circumstances may have posed risks to US national security, Nvidia’s reputation and its business prospects.
According to Reuters, the complaint was filed in federal court in San Jose, California. It alleges that Nvidia and Huang misled investors by failing to disclose the executive’s alleged relationship with Alice Huang, a former senior executive at Singapore-based Megaspeed. Shareholders are seeking damages, although the complaint does not specify an amount.
The New York Times previously reported that US intelligence agencies suspected Alice Huang of passing information to China. These remain allegations and do not mean that wrongdoing has been established by a court. Following the reports, Nvidia’s board launched an independent investigation into whether the company’s chief executive had been targeted by a foreign intelligence effort.
In a message to employees, Jensen Huang acknowledged that he had been unfaithful to his wife but did not disclose details of the alleged relationship. He said he supported the investigation and would cooperate fully. US President Donald Trump said he had spoken personally with the Nvidia chief. According to Trump, Huang told him he had no knowledge of the woman’s alleged espionage activities. The president said he believed Huang and that the FBI was examining the matter.
Reuters reported that Nvidia shares closed down 4.3% on November 9, reducing the company’s market value by about $190 billion. The lawsuit was filed after the market closed. Nvidia did not immediately comment on the legal action. China rejects the espionage allegations. The claims in the lawsuit and media reports have not been established as facts by a court. The plaintiffs say investors were not given material information about the risks associated with the case. The court will assess these claims. These claims remain allegations, not final court findings.
The New York Times previously reported that US intelligence agencies suspected Alice Huang of passing information to China. These remain allegations and do not mean that wrongdoing has been established by a court. Following the reports, Nvidia’s board launched an independent investigation into whether the company’s chief executive had been targeted by a foreign intelligence effort.
In a message to employees, Jensen Huang acknowledged that he had been unfaithful to his wife but did not disclose details of the alleged relationship. He said he supported the investigation and would cooperate fully. US President Donald Trump said he had spoken personally with the Nvidia chief. According to Trump, Huang told him he had no knowledge of the woman’s alleged espionage activities. The president said he believed Huang and that the FBI was examining the matter.
Reuters reported that Nvidia shares closed down 4.3% on November 9, reducing the company’s market value by about $190 billion. The lawsuit was filed after the market closed. Nvidia did not immediately comment on the legal action. China rejects the espionage allegations. The claims in the lawsuit and media reports have not been established as facts by a court. The plaintiffs say investors were not given material information about the risks associated with the case. The court will assess these claims. These claims remain allegations, not final court findings.
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