Nvidia and Jensen Huang face investor lawsuit over alleged relationship

The proposed class action was filed on 9 November in federal court in California on behalf of investor Mark Kistenmacher, TechCrunch reported. It seeks unspecified damages on behalf of people who bought Nvidia securities between 9 October 2025 and 8 November 2026.

The complaint alleges that Nvidia and Huang misled investors about his relationship with Alice Huang, a former executive at Singapore-based data centre company Megaspeed, and about the risks it posed to Nvidia. The New York Times previously reported that US authorities had concluded she was an informant for Chinese intelligence.

According to TechCrunch, the complaint challenges several statements, including an Nvidia spokesperson’s description of Jensen Huang’s interactions with Alice Huang as “not unusual or unexpected”. It also points to a company statement about chip diversion and Huang’s description of Nvidia’s dealings with Megaspeed as “normal and not unusual”. The suit alleges the statements were misleading because of the relationship.

In a message to employees on 8 November, Huang said he had been unfaithful to his wife, but did not name anyone else. He said he supported an independent investigation launched by Nvidia’s board and would cooperate fully.

Before the lawsuit was filed, Nvidia’s board said it had no reason to believe US national security or company secrets had been compromised. Independent directors, assisted by outside lawyers, are overseeing the inquiry.