Nvidia, CEO Jensen Huang face shareholder suit over his affair with alleged Chinese spy

November 10, 2026 / 7:28 AM EST / CBS/AFP

Tech titan Jensen Huang faced fresh turmoil on Tuesday as shareholders sued him and his company for allegedly misleading them over his affair with an accused Chinese spy.

The Rosen Law Firm said it had filed a class-action lawsuit in federal court in San Jose, California, accusing Huang and AI behemoth Nvidia of failing to disclose information to shareholders about the Nvidia CEO's links to the woman accused of funneling information to Beijing.

The New York Times reported last month that Taiwanese-born Huang developed a close relationship with Alice Huang, a Chinese executive linked to Singapore-based data center company Megaspeed, which buys AI chips from Nvidia.

The woman isn't related to the 63-year-old CEO.

Nvidia said it launched an independent investigation of Huang.

Two law enforcement sources confirmed to CBS News on Monday that the Justice Department's National Security Division is investigating Megaspeed over potential violations of U.S. export restrictions on advanced AI chips.

Shares of the chipmaker tumbled after Nvidia's board opened an inquiry into reports that its CEO had been "the target of a foreign intelligence effort," which Beijing denies.

China is in a race for tech dominance against…

Original source: https://www.cbsnews.com/moneywatch/