Nvidia, Huang Hit With Investor Suit Over Alleged Spy Affair

The Rosen Law Firm filed a securities class action against Nvidia and chief executive Jensen Huang in federal court in San Jose on Tuesday, as CBS News reported, accusing the company of concealing its CEO's personal links to a woman U.S. officials have accused of funneling information to Beijing.

The filing proposes a class covering anyone who bought Nvidia securities between October 9, 2025 and November 8, 2026. The 63-year-old Huang, who is Taiwanese-born, admitted to the extramarital affair over the weekend. In a message to employees he said: "There is no excuse for what I did. I am deeply sorry."

"As a result of Defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages," the complaint reads. It alleges statements from Huang and Nvidia "artificially inflated" the share price before the disclosures.

The counterparty at the center is Alice Huang, no relation to Jensen, a Chinese executive linked to Singapore-based Megaspeed, a data center operator that buys AI chips from Nvidia. The Justice Department's National Security Division is separately investigating Megaspeed over potential violations of U.S. export restrictions on advanced AI chips. Nvidia's board has launched its own independent inquiry.

The suit is one of 233 Nvidia alerts we have logged in the past 90 days, and sits next to yesterday's note that Commerce left Megaspeed off a fresh Entity List round.