Nvidia shareholders accuse the company and Jensen Huang of misleading investors
Nvidia and CEO Jensen Huang face a shareholder class-action lawsuit accusing them of misleading investors by failing to disclose Huang’s alleged relationship with Alice Huang, a former Megaspeed executive. The New York Times and Financial Times have reported allegations that she worked for Chinese intelligence. Court documents show the suit was filed Monday, according to TRT World.
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Alice Huang is not related to Jensen Huang, PBS reported. PBS also reported that Jensen Huang acknowledged the affair. CNBC reported he apologized to employees for being unfaithful to his wife, and that Nvidia’s board was investigating related national-security concerns. The board said it had confidence in him, while a company spokesperson said he would continue as CEO without interruption. Nvidia’s shares fell 4% Monday, Ticker reported. China’s Foreign Ministry spokesperson Guo Jiakun called the espionage allegations unsubstantiated, Ticker reported.
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- CNBC — Nvidia's Jensen Huang faces Congress scrutiny after affair
- PBS News — Nvidia's Jensen Huang faces scrutiny over alleged affair with Chinese spy
- New York Post — What suspected spy Alice Huang could have extracted during 'pillow talk' with Nvidia boss
- TRT World — Nvidia faces lawsuit over CEO's alleged links to suspected Chinese agent
- tickernews.co — Jensen Huang could quit Nvidia as CEO exit odds rise amid Chinese spy investigation
- organiser.org — Nvidia CEO Jensen Huang sued over Chinese spy affair
- cbs19.tv — Nvidia shares drop as CEO faces scrutiny over alleged ties to suspected Chinese spy