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Business🇺🇸 🇸🇬 +19 sources· 4 hours ago

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.

Sources

  • BBC News (World)Tier 185% reliableRead →Nov 9
  • The New York TimesTier 180% reliableRead →16 hours ago
  • BloombergTier 180% reliableRead →15 hours ago
  • CNBCTier 180% reliableRead →24 hours ago
  • AxiosTier 272% reliableRead →Nov 6
  • Fox NewsTier 265% reliableRead →19 hours ago
  • The Business Times (Singapore)Tier 180% reliableRead →Nov 9
  • CNN IndonesiaTier 180% reliableRead →Nov 9
  • CNBC IndonesiaTier 275% reliableRead →30 hours ago

Earlier in this story

  1. 4 hours agoNvidia, Jensen Huang sued as board probes alleged spy-linked affairreading now
  2. 6 hours agoChina rejects espionage claims targeting Nvidia CEO
  3. 13 hours agoTrump backs Nvidia CEO as board probes alleged China spy tie

Series

Jensen Huang · Alleged China Spying ControversySee every chapter in this series →

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