Nvidia and CEO Jensen Huang Sued for Misleading Investors Over Affair

Nvidia and CEO Jensen Huang have been sued by a retail investor, Mark Kistenmacher, who accuses them of misleading shareholders about Huang's affair with a woman linked to alleged Chinese espionage. The class-action lawsuit seeks unspecified damages and a jury trial. The lawsuit, filed Monday in a California court, claims Nvidia and Huang made false statements about their ties to Megaspeed, the Singapore-based company employing Alice Huang. It alleges these statements artificially inflated Nvidia's share price, causing losses for investors who bought stock between October 9 and November 9. Huang admitted to the affair on Sunday, apologizing to his wife and children. Nvidia's shares have fallen sharply, losing $190 billion in market value on Monday, with further declines on Tuesday. The company has launched an independent investigation into the espionage accusations.