Nvidia and CEO Jensen Huang sued by shareholders over alleged hidden relationship with suspected spy

Shareholders have filed a class-action lawsuit against Nvidia and CEO Jensen Huang, alleging they misled investors by concealing his relationship with a woman linked to Chinese intelligence. The suit claims this omission artificially inflated the company's stock price. The lawsuit, filed Monday in a California federal court, follows an October New York Times report about Huang's relationship with Alice Huang, a former executive at Singapore-based data center company Megaspeed. Nvidia's stock fell 4.3% Monday after announcing an investigation into claims Huang was targeted by a foreign intelligence operation, erasing roughly $190 billion in market value. Huang admitted to being "unfaithful" to his wife in a Sunday message to employees. The case unfolds amid US-China tech competition, with Nvidia central to export restrictions on advanced AI chips. Huang maintains close ties to President Donald Trump, who advocates a less restrictive approach to AI development.