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\n\t\t\t\t\t\t\t\t\tNvidia said in October that export-diversion claims against that customer had been investigated and debunked.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Nvidia (NVDA) and CEO Jensen Huang were sued on Monday by a shareholder who says they misled investors about the exec\u2019s affair with a suspected Chinese spy.<\/p>\n
Retail investor Mark Kistenmacher filed <\/a>the complaint in federal court in San Jose, California. He seeks to represent everyone who bought Nvidia shares between October 9, 2025, and November 8, 2026. His law firm, Rosen Law Firm, said investors have until January 8, 2027, to ask to lead the case.<\/p>\n Nvidia\u2019s stock fell 4.3% on the day of the filing, erasing about $190 billion in market value. As CryptoPotato reported, Huang\u2019s admission was among the headlines that rattled<\/a> crypto markets, with many assets dumping hard on Monday morning.<\/p>\n The woman is Alice Huang, a former executive at Singapore-based Megaspeed International, according to The New York Times. Megaspeed bought more than $4.8 billion of Nvidia chips over the past two years, the Times reported.<\/p>\n The complaint describes Megaspeed as a company suspected of helping China evade US export controls. It alleges that Nvidia\u2019s statements about its relationship with Megaspeed were false and misleading. It also says the national security concerns raised by the affair posed a material risk to Nvidia\u2019s reputation.<\/p>\n Nvidia defended its Megaspeed business on October 29, after the Times reported that US intelligence suspected Alice Huang of being a Chinese intelligence asset.<\/p>\n \u201cThe diversion allegations against this regional cloud were thoroughly investigated and debunked last year,\u201d an Nvidia spokesperson said.<\/p>\n<\/blockquote>\n Huang wrote in a Sunday email to Nvidia staff: \u201cI owe my family and all of you an apology. I was unfaithful to my wife.\u201d Nvidia\u2019s board opened an independent investigation the same day. The board said it has no reason to believe national security or Nvidia secrets were compromised.<\/p>\n President Donald Trump said on Monday that the FBI is investigating the affair. He said Huang told him he had \u201cno idea\u201d the woman was a spy.<\/p>\nComplaint Targets Megaspeed Statements<\/h2>\n
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Huang Admits Affair as Board Investigates<\/h2>\n
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