Nvidia shareholder lawsuit says Huang’s statements inflated its share price

Nvidia and CEO Jensen Huang face a shareholder lawsuit alleging they deceived investors by hiding his purported ties to a suspected Chinese spy. According to the proposed class action, the company’s statements regarding client Megaspeed and Huang’s dealings with one of its executives caused Nvidia’s stock price to be artificially inflated. Key takeaways Shareholder Mark Kistenmacher is seeking damages from Nvidia and Jensen Huang. The complaint challenges four statements about Megaspeed and Huang’s dealings with Alice Huang. President Donald Trump said Huang denied knowing she was a spy. What the Nvidia shareholder lawsuit alleges The proposed class action was brought by shareholder Mark Kistenmacher before the U.S. District Court for the Northern District of California.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Cryptonomist.