By — Kelvin Chan, Associated Press Kelvin Chan, Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/world/nvidia-and-huang-face-lawsuit-alleging-investors-were-misled-about-spy-affair Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Nvidia and Huang face lawsuit alleging investors were misled about spy affair World Nov 10, 2026 1:32 PM EST A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy that threatens national security. The complaint comes after President Donald Trump said the FBI is investigating the affair, which Huang has acknowledged and apologized for. Trump said Monday that Huang told him he had no idea the person could be involved in espionage. The affair, which is also being scrutinized by Nvidia's board, has raised concerns that Beijing is using nefarious means to gain access to Nvidia 's cutting-edge microchips which power the development of artificial intelligence but face export restrictions to China. The complaint filed Monday in a California court says the company misled investors about Huang's relationship with Alice Huang, who…
Nvidia and Huang face lawsuit alleging investors were misled about spy affair
In short
The class-action complaint asserts that executives improperly withheld knowledge of Huang's personal connection to Alice Huang, a former executive at Singapore-based customer Megaspeed. Megaspeed has acquired more than $4.8 billion in Nvidia processors across the prior two years while facing Commerce Department probes for potentially circumventing trade limits to China. In response to the growing inquiry, Huang issued a public apology acknowledging the affair, while President Donald Trump stated the FBI is examining the matter.
Key points
- The lawsuit accuses Nvidia of issuing deceptive statements regarding national security an…: The lawsuit accuses Nvidia of issuing deceptive statements regarding national security and trade compliance while Huang maintained the relationship.
- Federal investigators, Congress, and Nvidia's board are actively scrutinizing the executi…: Federal investigators, Congress, and Nvidia's board are actively scrutinizing the executive's ties to the suspected foreign intelligence operative.
- Jensen Huang apologized for the affair in a public letter, denying espionage awareness an…: Jensen Huang apologized for the affair in a public letter, denying espionage awareness and pledging cooperation with government investigators.