A securities class action has been filed against NVIDIA Corporation (NVDA) on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired the publicly traded securities of Nvidia between October 9, 2025 through November 8, 2026. This case has been filed in the USDC – NDCA.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) Jensen Huang had an affair with a suspected Chinese spy, who also has a role at a company called Megaspeed, which is suspected of helping China evade export controls; (2) as such, Nvidia’s statements about its relationship with Megaspeed were materially false and misleading at all relevant times; (3) the foregoing raised concerns in the national security community about Nvidia and, if revealed, presented a material risk to the Company’s reputation and business prospects; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.