Nvidia and chief executive Jensen Huang face a proposed shareholder class action alleging they concealed his ties to a suspected Chinese intelligence asset and the risks those ties posed to the chipmaker, Reuters reported in a story published by CBC.

The complaint, filed Monday in federal court in San Jose, California, accuses the defendants of misleading investors about Huang’s alleged affair with Alice Huang, a former executive at Singapore-based Megaspeed who is not related to him. It alleges the matter raised national security concerns that threatened Nvidia’s reputation and business prospects.

The claims are allegations in a lawsuit, not court findings.

According to Reuters, the New York Times previously reported on the alleged relationship and reported that U.S. authorities had concluded Alice Huang was a Chinese intelligence asset. Jensen Huang told Nvidia employees he had been unfaithful to his wife, without providing details of the alleged relationship.

Nvidia announced an investigation into the matter on Sunday. Its shares closed down 4.3 per cent Monday, wiping approximately US$190 billion from its market value. The lawsuit was filed five minutes after the U.S. stock market closed, Reuters reported.

Nvidia did not immediately respond to Reuters’ request for comment.

Lead shareholder Mark Kistenmacher is seeking unspecified damages and wants to represent investors who bought Nvidia shares between Oct. 9, 2025, and Nov. 8, 2026. The action has been proposed as a class proceeding; the supplied reporting does not indicate that a class has been certified.

Sources