AdvertisementAdvertisementJensen Huang, president and CEO of Nvidia, waits for a groundbreaking ceremony for an expansion of Coherent's manufacturing facility to begin on Jun 16, 2026, in Sherman, Texas. (File photo: AP/Jeffrey McWhorter)10 Nov 2026 07:15AM (Updated: 10 Nov 2026 07:16AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Nvidia and chief executive Jensen Huang were sued on Monday (Nov 9) in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.According to a complaint filed in federal court in San Jose, California, the defendants misled shareholders about Huang's alleged affair with Alice Huang, a former executive of Singapore-based Megaspeed who is not related to him, and did not disclose that the matter raised national security concerns that threatened Nvidia's reputation and business prospects.The New York Times reported last month about the alleged relationship, and that US authorities had concluded Alice Huang was a Chinese intelligence asset.Nvidia did not immediately respond to a request for comment.Show MoreShow LessJensen Huang told Nvidia's employees he had been unfaithful to his wife, without disclosing details of the alleged relationship.He co-founded Nvidia, and has led the Santa Clara, California-based company as it became the world's most valuable chipmaker and made him one of the world's most prominent symbols of the artificial intelligence boom.Nvidia announced a probe into the matter on Sunday. Its shares closed down 4.3 per cent on Monday, reducing Nvidia's market capitalisation by approximately US$190 billion. The lawsuit was filed five minutes after the US stock market closed.It is common for shareholders to sue companies after unexpected share price declines. Nvidia shareholders led by Mark Kistenmacher are seeking unspecified damages from the defendants.From affair allegations to Nvidia probe: How the Jensen Huang controversy unfoldedCommentary: Jensen Huang Is bigger than Nvidia – and it’s a problemSource: Reuters/bgNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST