Scandal at Nvidia: the head of the company is being sued for his connection with an alleged Chinese spy.
Nvidia and its CEO have been hit with 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 was Jensen Huang's affair with Alice Huang, the former head of the Singaporean Mega Speed company, which is affiliated with Chinese intelligence. According to the plaintiffs, the hidden fact of this connection created risks to the security of the state and caused damage to businesses. In this context, the investors demand payment of financial compensation. Nvidia itself has 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).