Nvidia and CEO Jensen Huang sued by shareholders over alleged spy affair disclosure

A shareholder has sued Nvidia and CEO Jensen Huang, alleging they misled investors about Huang's affair with a purported Chinese spy, following FBI investigation reports. The lawsuit claims the company failed to disclose national security risks tied to the relationship. The complaint, filed Monday in California court, accuses Nvidia and Huang of issuing false statements about Huang's relationship with Alice Huang, suspected of working for Chinese intelligence, and her company Megaspeed International. It seeks class-action status for investors who bought shares from October 9 to November 8. Nvidia shares fell 4.3% on Monday, erasing about $190 billion in market value. President Trump said Huang apologized and claimed ignorance of any espionage involvement. Nvidia's board is also scrutinizing the affair, which raises concerns about Beijing's access to restricted AI chips.