Nvidia, Jensen Huang sued as board probes alleged spy-linked affair
What's new: The shareholder suit followed a 4.3% stock drop that erased about $190 billion in Nvidia market value.
Nvidia and Chief Executive Jensen Huang were sued in federal court after the company opened an independent board investigation into Huang’s relationship with Alice Huang, a former Megaspeed International executive whom US authorities suspect was a Chinese intelligence asset. The proposed class action, filed in San Jose, alleges Nvidia and Huang misled shareholders by not disclosing the relationship and its potential national security implications. Huang told employees he had been unfaithful to his wife, and Nvidia said independent directors with outside counsel would examine whether he was targeted in a foreign intelligence effort. Nvidia shares fell 4.3% on Monday.
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Earlier in this story
- 4 hours agoNvidia, Jensen Huang sued as board probes alleged spy-linked affairreading now
- 6 hours agoChina rejects espionage claims targeting Nvidia CEO
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