Shareholders have filed a class-action lawsuit against Nvidia and CEO Jensen Huang, alleging undisclosed risks linked to personal connections.

Allegations and timing

The complaint claims the company concealed Mr. Huang’s ties to Alice Huang, who is alleged to have been suspected of working for Chinese intelligence.

After trading on 09.11.2026, Nvidia shares fell by 4.3%, reducing market capitalization by approximately $190 billion.

The lawsuit was filed just five minutes following the market’s close, according to court filings cited by plaintiffs.

Company response and investigation

Nvidia said it is conducting an independent investigation into the matter and reported it has not found evidence suggesting company secrets were compromised.

The company’s statement emphasized ongoing review efforts while cooperating with relevant inquiries and legal processes.

Legal implications

The plaintiffs seek class-action status and allege that the undisclosed connections posed material risks to Nvidia’s business and shareholders.

If certified, the class could consolidate related claims and affect potential remedies or settlements in the litigation.