An Nvidia shareholder filed a proposed class action in the U.S. District Court for the Northern District of California against the company and CEO Jensen Huang. The lawsuit accuses them of concealing a relationship involving Alice Huang, a former Megaspeed executive and suspected Chinese intelligence asset, and of misleading investors about the resulting national security and reputational risks to Nvidia. The complaint challenges four statements by Nvidia and Huang concerning the company’s dealings with Megaspeed and the nature of their interactions with the former executive. The plaintiff, Mark Kistenmacher, seeks to represent investors who bought Nvidia stock between October 9, 2025, and November 8, 2026, and requests unspecified damages and a jury trial. Nvidia’s board opened an independent investigation and said it had no reason to believe that national security or company secrets had been compromised.
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