Investors are filing a class-action lawsuit against Nvidia and CEO Jensen Huang after the company's stock plunged.
Prosecutors accuse the chipmaker of hiding information about the CEO's ties to the former chief executive of Singapore's Mega Speed International, Alice Huang, who American intelligence agencies suspect worked for Chinese intelligence, writes Reuters.
According to the shareholders, the company hid the risks associated with these relationships for the sake of the national security of the United States and its businesses, thereby misleading investors.
On November 9, Nvidia shares fell 4.27% to $178.67. During the day, the market value of the company decreased by approximately 190 billion dollars.