Nvidia CEO Jensen Huang faces a shareholder lawsuit over allegations involving a suspected Chinese intelligence operative.
\n\nNvidia CEO Jensen Huang and the chipmaking giant are facing a proposed class-action lawsuit in the US, with shareholders accusing them of misleading investors by failing to disclose concerns surrounding his alleged relationship with a woman suspected of working for Chinese intelligence.
\n\nThe lawsuit was filed in a federal court in San Jose, California, on Monday. It alleges that Huang and Nvidia withheld information about his links with Alice Huang, a former executive of Singapore-based data centre company Megaspeed, and the possible national security implications of the relationship.
\n\nThe woman, who shares the Nvidia chief's surname but is not related to him, was identified in media reports as a suspected Chinese intelligence asset.
\n\nThe complaint claims that the alleged relationship posed a material risk to Nvidia's reputation and business prospects, and that the defendants' statements and omissions artificially inflated the company's share price. The shareholders are seeking unspecified damages.
\n\nThe action, led by retail investor Mark Kistenmacher, seeks to represent investors who bought Nvidia shares between October 9 and November 8.
\n\nThe lawsuit came shortly after the US stock market closed on Monday, when…
Original source: https://www.timesnownews.com/business-economy
