Nvidia hit by shareholder lawsuit over Jensen Huang’s relationship with suspected Chinese spy – business live

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The fallout over Nvidia CEO Jensen Huang’s affair with an alleged Chinese spy is intensifying, after the AI chipmaking firm has been hit with a shareholder lawsuit.

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, and did not disclose that the matter raised national security concerns that threatened Nvidia’s reputation and business prospects.

The suit also claims that Huang’s failure to disclose the affair artificially inflated Nvidia’s share price, and could have violated federal securities laws, Politico reported.