Nvidia hired Wachtell Lipton to lead probe of Jensen Huang's affair with suspected Chinese spy

Nvidia shareholders have filed a lawsuit against the tech company over claims that investors were misled concerning CEO Jensen Huang's alleged affair, according to The Guardian. The complaint, filed in California's federal court on behalf of Mark Kistenmacher by the Rosen Law Firm, seeks to recover compensable damages for Kistenmacher and other shareholders due to the sharp decline in the market value of Nvidia's securities.

The suit alleges that Huang's affair with Alice Huang, a former managing director of Megaspeed, a Singapore-based data centre company, is connected to the alleged leaking of Nvidia's trade secrets to Chinese companies. Nvidia CEO Jensen Huang has only admitted to having an affair and not leaking any trade secrets. Nvidia stated that while there is no reason to believe national security or Nvidia's secrets were compromised, the company's Board is conducting an inquiry to examine all available information. The Board supports the review and has confidence in Huang and his leadership team.