Nvidia and Jensen Huang sued over alleged China espionage ties

Nvidia and its CEO Jensen Huang face a US class-action lawsuit accusing them of deceiving investors after revelations of an alleged Chinese espionage scandal involving Huang's mistress. The complaint was filed Monday by a Los Angeles law firm. The lawsuit alleges Nvidia hid or downplayed information about Huang's relationship with a woman US intelligence suspects was recruited by Beijing. It claims Nvidia made "false or misleading" statements between October 2025 and October 29, citing a company spokesperson's remarks that Huang's interactions were "neither unusual nor unexpected." Plaintiffs say the silence kept the stock "artificially inflated," causing losses after shares fell 4.27% Monday. Huang, 63, acknowledged the affair to Nvidia's board Sunday, which launched an independent investigation. China denies the woman, Alice Huang, was an agent, calling it "baseless defamation." President Donald Trump vouched for Huang's good faith, saying he had "no idea" about potential espionage.