Nvidia and CEO Jensen Huang sued over alleged Chinese spy scandal

Nvidia and CEO Jensen Huang face a shareholder lawsuit after a suspected Chinese spy scandal involving Huang’s alleged affair, which caused shares to plunge 4.3% and wiped out about $190 billion in market value. The federal class action, filed in San Jose, California, accuses Nvidia and Huang of misleading shareholders by failing to disclose national security concerns tied to the affair with Alice Huang, a former Megaspeed executive. Jensen Huang admitted the affair but denied related security breaches. Nvidia’s board has launched an independent investigation, while the Chinese Embassy dismissed the spy allegations as groundless smears. Shareholders seek unspecified damages, and President Trump called Huang a fine person without discussing the matter.