Nvidia shareholder sues company and CEO Jensen Huang over investor disclosures

Nvidia shareholder Mark Kistenmacher has filed a class action lawsuit against Nvidia and CEO Jensen Huang, alleging that investors were misled with false information or material omissions, according to digitaltoday.co.kr. The suit seeks class certification for investors who bought Nvidia stock between October 9, 2025 and November 8, 2026.

The complaint centers on how Nvidia explained the relationship between Jensen Huang and Alice Huang, a former Megaspeed executive who is suspected of involvement in intelligence gathering for the Chinese government.

According to the filing, the defendants' alleged misconduct and information omissions, together with a sharp drop in the company's securities value, caused significant losses for the plaintiff and class members.

On November 8, Jensen Huang acknowledged an extramarital affair, and Nvidia's board said it would begin an independent investigation into whether he was a target of foreign intelligence operations.

Earlier reports on the relationship

On October 9, 2025, the New York Times reported on the relationship between Jensen Huang and Alice Huang, and Nvidia described it as an ordinary business relationship. On October 29, 2025, the newspaper reported that U.S. intelligence agencies suspected a possible Chinese intelligence operation targeting Jensen Huang; Nvidia spokesperson John Rizzo said contact with Alice Huang was not unusual and that meeting customer executives is part of the CEO's normal duties. Nvidia's stock fell after the allegations emerged, with reports suggesting market capitalization could drop by more than $470 billion over two days.