Nvidia shareholders sue Jensen Huang, alleging he concealed a relationship with a suspected Chinese intelligence officer

Nvidia shareholders filed a proposed class action against the company and CEO Jensen Huang, alleging that he concealed Huang's relationship with a suspected Chinese intelligence officer and failed to disclose to investors national security concerns threatening the company's reputation and prospects. The complaint, filed in federal court in San Jose, California, says Huang had a relationship with Alice H., a former executive of Singapore-based company Megaspeed, and seeks damages in an unspecified amount. Nvidia announced on Sunday that it had launched an independent investigation into related reports; Huang acknowledged in a public letter that he had been unfaithful to his wife but did not name the other person, and said he would cooperate with the investigation. Nvidia shares closed down 4.3% on Monday; U.S. President Trump said the FBI is investigating the matter, and China's Foreign Ministry denied the allegations.