Nvidia shareholders sue CEO over alleged Chinese spy ties
Shareholders are suing Nvidia and CEO Jensen Huang, alleging they misled investors regarding the scandal involving Huang's relationship with an alleged Chinese spy. The lawsuit claims the company failed to disclose national security risks that threatened its reputation and business. The suit was filed in California after Nvidia's stock fell about 4% on Monday amid investor concerns. Nvidia has launched an internal investigation, and the FBI has also opened a probe, though President Donald Trump said Huang claimed he was unaware the individual was a spy. China has dismissed the espionage allegations as baseless. A closed-door congressional hearing with Huang is scheduled for November 18, and the case may be discussed when Trump and Xi Jinping meet at the APEC summit next week.