Nvidia shareholders sue CEO over alleged Chinese spy ties
Shareholders have filed a lawsuit against Nvidia and CEO Jensen Huang following a scandal involving alleged Chinese espionage. The suit claims the company misled investors by failing to disclose the executive's relationship with Alice Huang, a suspected agent. The lawsuit was filed in a California federal court on Monday, after Nvidia's stock fell 4.27%, erasing about $190 billion in market value. President Donald Trump stated the FBI is investigating, while China has rejected the accusations as unfounded. Nvidia has announced an internal investigation, and Jensen Huang has apologized for the affair while denying knowledge of espionage. The company, a key player in the US-China tech rivalry, said it has no reason to believe national security was compromised.