Nvidia and its CEO, Jensen Huang, are accused in the U.S. for allegedly deceiving and disappointing investors after the revelation of the alleged Chinese espionage scandal that shakes the giant of the chips for artificial intelligence (IA).
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10/11/2026
by
Lusa
A Nvidia and her CEO, Jensen Huang, are accused in the US for allegedly deceiving and deceiving investors after the revelation of the alleged Chinese espionage scandal that shakes the giant of the chips for artificial intelligence (IA).
The collective lawsuit, filed on Monday by a Los Angeles law firm, accuses them of having hidden from investors or minimized information about the ties between Jensen Huang and his mistress, whom US intelligence suspect was recruited by Beijing.
The complaint, which AFP had access to, includes a series of Nvidia statements classified as “false or misleading” between October 2025, date of the first New York articles Times that mentioned doubts about the mistress, and October 29, when the diary wrote that the woman was suspected by the U.S. Secret Service of acting as Beijing agent and of having established a relationship with Jensen Huang.
The document cites, in particular, the statements in this last article by a spokesperson for the group, John Rizzo, considering that Jensen Huang’s “interactions” with his mistress were neither “unusual nor unexpected”.
The complainants consider that Nvidia’s silence for more than a year contributed to maintaining an “artificially inflated” share price.
“ Due to these reprehensible acts and omissions and the sudden fall in the value of the company’s securities, the author and other members of the collective action suffered considerable losses and damages,” the document said.
Nvidia's shares lost 4.27% on Monday in a high market, while a Republican senator called for Congressional investigations.
Jensen Huang, a 63-year-old American Taiwanese, recognized on Sunday an extramarital case before the board of directors of Nvidia, which opened an independent investigation.
China denies that the woman in question, Alice Huang (no relation of kinship), is one of its agents, and speaks of “defamation and baseless slander.”.
The President of the United States, Donald Trump, whose informal influential advisor in AI is Jensen Huang, guaranteed on Monday the good faith of the CEO of Nvidia, considering that he himself “had no idea” that his mistress could spy on him to China.