Scandal surrounding Nvidia: Shareholders filed a lawsuit due to the alleged relationship of the head of the company with a Chinese spy.
Nvidia and CEO Jensen Huang are facing a class action lawsuit in California. The shareholders accuse the management of hiding information and misleading investors due to the personal connections of the head of the company.
The reason for the investigation, according to media reports, was Jensen Huang's affair with Alice Huang, former head of the Singaporean Mega Speed company, which is affiliated with Chinese intelligence. The plaintiffs claim that the covert nature of the relationship created national security risks and caused business damage. In this context, the investors demand financial compensation.
Nvidia itself has reportedly already launched an internal investigation. Amid the scandal, the financial giant Bank of America removed Nvidia shares from the list of the most attractive investment assets (US 1).