Nvidia shareholder Mark Kistenmacher filed a proposed class action on November 9, 2026, accusing the company and CEO Jensen Huang of misleading investors about Huang’s alleged relationship with Alice Huang, a former executive at Nvidia customer Megaspeed and a suspected Chinese spy. The complaint says their statements about Megaspeed and the relationship concealed risks to Nvidia’s business and inflated its share price. The allegations have not been tested in court.
Kistenmacher seeks to represent investors who bought Nvidia stock from October 9, 2025, through November 8, 2026, and seeks unspecified damages. Nvidia’s board has opened an independent investigation and said it had no reason to believe national security or company secrets had been compromised. Nvidia shares fell 4.3% on the day the suit was filed, but the filing came after U.S. markets closed.
