Nvidia and CEO Jensen Huang sued by shareholder over undisclosed affair

A shareholder has sued Nvidia and CEO Jensen Huang, alleging they misled investors about Huang's affair with a woman suspected of ties to Chinese intelligence, causing financial losses. The lawsuit follows an FBI investigation and a significant drop in Nvidia's share price. The complaint, filed Monday in California court by retail investor Mark Kistenmacher, accuses the company of failing to disclose the affair and issuing false statements about Huang's relationship with Alice Huang's company, Megaspeed International. It seeks class-action status for investors who bought shares from October 9 to November 8, claiming they suffered losses due to artificially inflated prices. Nvidia's shares fell 4.3% on Monday, wiping out about $190 billion in market value. The affair has raised concerns about Beijing's access to Nvidia's advanced AI chips, which face export restrictions to China. Nvidia has not yet responded to a request for comment.