Anadolu Agency reported that the complaint accuses Nvidia and CEO Jensen Huang of misleading investors by not disclosing Jensen Huang’s relationship with former Megaspeed executive Alice Huang.
The complaint also challenges statements about chip diversions to China and Huang’s characterization of Megaspeed business dealings as “normal,” the agency reported. The New York Times reported that U.S. authorities suspected Alice Huang of working for Chinese intelligence.
Anadolu Agency reported that the lawsuit was filed in the U.S. District Court for the Northern District of California and invokes provisions of the Securities Exchange Act of 1934.