NVIDIA Watch posted an update
Nvidia and chief executive Jensen Huang have been sued in a proposed shareholder class action over disclosures related to allegations about Huang’s ties to a suspected Chinese intelligence asset. The lawsuit was filed in federal court in San Jose, California, according to BNN Bloomberg, citing the complaint.
Why it mattersThe complaint alleges that Nvidia and Huang misled shareholders by not disclosing the alleged relationship and associated national-security concerns. Those are claims in a lawsuit, not findings of wrongdoing. BNN Bloomberg said Nvidia had not immediately responded to a request for comment. The suit is a new legal development in the scrutiny around Huang and Nvidia, but it does not establish the allegations or their effect on the company.
Discuss: Should companies have to disclose alleged risks before they are substantiated, or would that invite speculation into investor decisions?
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