Nvidia and CEO Huang sued over alleged China spy ties

Nvidia and CEO Jensen Huang have been sued in a class action lawsuit, accused of misleading shareholders by concealing Huang's ties to an alleged Chinese spy. The lawsuit, filed in San Jose, California, claims Nvidia and Huang hid his relationship with Alice Huang, a former director of Singapore-based Megaspeed, and failed to disclose national security concerns that threatened the company's reputation and business prospects. The New York Times reported last month that US authorities concluded Alice Huang was a Chinese intelligence agent. Nvidia has launched an internal investigation, and its stock fell 4.3 percent on Monday, erasing about $190 billion in market value.