Nvidia and CEO Jensen Huang sued by shareholders over alleged affair with Chinese spy
Shareholders have sued Nvidia and CEO Jensen Huang, accusing them of defrauding investors over his alleged affair with an alleged Chinese spy. President Donald Trump said the FBI is investigating the matter. The lawsuit, filed in federal court in San Jose, claims Huang and Nvidia failed to disclose national security risks from his relationship with Alice Huang, a former Megaspeed executive. The plaintiffs argue this threatened Nvidia's reputation and business prospects. Nvidia announced an independent investigation into the reports on Sunday. Shares fell 4.3% on Monday, wiping out roughly $190bn in market value. Trump said he spoke with Huang, who denied knowing the person was a spy.