Race to sue Nvidia heats up
The gist
Shareholders sued Nvidia and CEO Jensen Huang in San Jose federal court after his affair with a woman U.S. intelligence suspects of spying for China surfaced.
The suits test whether Huang's silence on the relationship misled investors as Nvidia's stock fell 5%.
How it unfolded
- Oct 9, 2025Start of the proposed class period in investor Mark Kistenmacher's suit, covering investors who bought Nvidia stock between Oct. 9, 2025 and Nov. 8, 2026.
- Oct 30, 2026In a Bloomberg article, Huang said Nvidia's relationship with Megaspeed was proper and that it had ensured Megaspeed wasn't illegally shipping chips to China; the lawsuit alleges these comments were false and misleading.
- Nov 8, 2026Nvidia announced an independent investigation into reports that Huang had been the target of a foreign intelligence effort; Huang told employees he had been unfaithful to his wife.