Nvidia and its CEO, Jensen Huang, are facing a proposed shareholder class action lawsuit in the United States. 

The case accuses the chipmaker and its chief executive of misleading investors by failing to disclose Huang’s alleged relationship with Alice Huang, a former executive of Singapore based technology company Megaspeed, who US intelligence agencies reportedly believe was a Chinese intelligence asset.

The complaint was filed by Rosen Law Firm in a federal court in San Jose, California, on behalf of investor Mark Kistenmacher. It claims he made seven Nvidia share purchases worth around $20,500 this year. The proposed class action covers investors who purchased Nvidia securities between 09 October 2025 and 08 November 2026.

The complaint argues that Nvidia and Huang made statements that gave investors an incomplete picture of the company’s relationship with Megaspeed. Nvidia had said it found no evidence that its advanced AI chips were being diverted to China through the company. 

A spokesperson also described Huang’s interactions with Alice Huang as not unusual or unexpected. On 30 October 2026, Huang reportedly told Bloomberg that the dealings were normal.

The lawsuit claims these statements were misleading because the alleged relationship and potential national security concerns were not disclosed. It argues that the issue could expose Nvidia to reputational damage, regulatory scrutiny and business risks. The plaintiff is seeking unspecified damages, interest and legal costs.

Nvidia shares fell 4.3% on 09 November 2026, wiping around $190 billion off the company’s market value. Its board has also launched an independent investigation into whether Huang was targeted by a foreign intelligence operation.

The allegations have not been proven in court. The lawsuit represents shareholders’ claims and does not establish that Nvidia or its CEO committed wrongdoing.

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