Nvidia, Jensen Huang Sued by Shareholders Over Alleged Ties to Suspected Chinese Spy
Nvidia and CEO Jensen Huang face a proposed shareholder class action alleging they misled investors about the company’s relationship with Singapore-based customer Megaspeed. The complaint claims Huang’s alleged intimacy with former Megaspeed executive Alice Huang, whom U.S. reports describe as a suspected Chinese intelligence asset, created undisclosed national-security and business risks. It challenges four public statements describing Nvidia’s dealings with Megaspeed and Huang’s interactions as normal, and seeks unspecified damages. The allegations have not been tested in court. Nvidia’s board has opened an independent investigation and said it has no reason to believe company secrets or national security were compromised. Nvidia shares fell 4.3% on Monday, cutting about $190 billion from its market value.
