Nvidia shareholders sue CEO Jensen Huang over affair that erased $190 billion in market value
Nvidia shareholders have filed a lawsuit against CEO Jensen Huang and the company, accusing them of deception following the revelation of his extramarital affair, which erased approximately $190 billion in market value on Monday. The lawsuit, filed in California federal court, alleges Nvidia and Huang misled investors by failing to disclose the relationship with Alice Huang, which they claim endangers the company's reputation and economic prospects. The stock fell 4.3% on Monday. Nvidia has launched an independent investigation into whether Huang was targeted by foreign intelligence, with the FBI also involved. Huang has apologized and pledged full cooperation, stating he is committed to protecting Nvidia and U.S. national security.