DECRYPT · 2026-11-10 11:27 UTC

Nvidia, Jensen Huang Sued by Shareholders Over Alleged Ties to Suspected Chinese Spy

A shareholder, Mark Kistenmacher, filed a proposed class action against Nvidia and CEO Jensen Huang alleging they concealed Huang's alleged relationship with Alice Huang, a suspected Chinese spy and former Megaspeed executive, from investors. The suit covers investors who bought Nvidia stock between October 9, 2025 and November 8, 2026, and targets four statements by Nvidia spokesperson John Rizzo and Huang as misleading. Nvidia shares closed down 4.3% at $178.67 on the day the suit was filed, after falling as much as 8% intraday, and Nvidia's board opened an investigation into the reports.

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