Shareholder sues Nvidia and Jensen Huang over CEO’s ties to suspected Chinese spy
The proposed class action says investors were not told of the relationship; a 4.3% fall in Nvidia’s shares wiped out about $190 billion in value.
A shareholder has sued Nvidia and its chief executive, Jensen Huang, saying the company hid Mr. Huang’s relationship with a woman US officials suspect of spying for China. The proposed class action was filed in the federal court for the Northern District of California, Reuters and other agencies reported on 10 November.
The suit was filed by the Rosen Law Firm of New York on behalf of an investor, Mark Kistenmacher. It seeks to represent everyone who bought Nvidia shares between 9 October 2025 and 8 November 2026.
What the suit says
The complaint says Nvidia described Mr. Huang’s dealings with Megaspeed, a Singapore data-centre company, as ordinary business. It says the company did not tell investors about his relationship with Alice Huang, a senior Megaspeed executive, or about the national-security risks that came with it. It accuses Nvidia and Mr. Huang of breaking US securities law.
In a message to staff, Mr. Huang said he had not been faithful in his marriage but gave no details of the relationship, The Hindu reported. Nvidia had not responded to the lawsuit publicly when this story was published. None of the claims has been tested in court, and a judge has not yet agreed that the case can go ahead as a class action.
Why it matters
Nvidia’s shares closed about 4.3% lower on 9 November, wiping out about $190 billion (about ₹16.8 lakh crore) of its market value, BusinessLine reported. Nvidia makes most of the chips used to build artificial intelligence systems, and its value had risen to about $4.5 trillion, level with Apple’s.
The background
Nvidia’s board opened its own inquiry on 8 November. President Donald Trump has said the FBI is looking into the matter and that he believes Mr. Huang knew nothing of any spying. China calls the claims a smear. Senator Chris Coons of Delaware has called for a congressional investigation.
What’s next
Mr. Huang is due to appear before the House of Representatives’ Select Committee on China on 18 November.
- Nvidia's board opened an inquiry on 8 November into reports that chief executive Jensen Huang was targeted by Chinese intelligence.
- Mr. Huang has admitted an affair with Alice Huang, an executive of the Singapore company Megaspeed whom US officials suspect of spying for China.
- A shareholder has sued Nvidia and Mr. Huang in a California federal court, saying investors were not told of the relationship and its risks.
- President Donald Trump says the FBI is looking into the matter and that he believes Mr. Huang knew nothing of any spying; China calls the claims a smear.
- A House of Representatives committee on China has asked Mr. Huang to appear on 18 November.
What’s next18 November 2026: Mr. Huang is due before the House Select Committee on China.
- 10 Nov 2026Shareholder sues Nvidia and Jensen Huang over CEO’s ties to suspected Chinese spy
- 10 Nov 2026Nvidia shares fall 4% as Congress committee summons Jensen Huang for 18 November
- 10 Nov 2026FBI examining Nvidia chief Jensen Huang’s affair with suspected spy, Trump says
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