Shareholder class action filed against Nvidia and Jensen Huang over Megaspeed disclosures

A proposed securities class action has been filed in federal court in Northern California against Nvidia and CEO Jensen Huang. The complaint argues that Nvidia's public statements about its relationship with Megaspeed were misleading and did not disclose Huang's reported relationship with a Megaspeed executive suspected of espionage, and it says the share price was inflated during the class period. Nvidia has said Huang's dealings with Megaspeed were not unusual. Plaintiffs' firms are now soliciting investors who bought shares between October 9, 2025 and November 8, 2026 to seek appointment as lead plaintiff before a January 8, 2027 deadline. The filing follows a sharp one-day drop in the stock after the CEO controversy surfaced over the weekend.

1. Case captioned Kistenmacher v. NVIDIA Corporation, et al., No. 5:26-cv-13448, filed in the U.S. District Court for the Northern District of California.
2. Proposed class covers purchasers of Nvidia securities from October 9, 2025 through November 8, 2026.
3. Lead plaintiff motions are due by January 8, 2027, according to law firm notices.
4. Complaint alleges Nvidia and Huang made false or misleading statements about the company's Megaspeed relationship and that the share price was artificially inflated.
5. Nvidia spokesman John Rizzo told the New York Times that Huang's interactions with Megaspeed executive Alice Huang were not unusual or unexpected.
6. NVDA closed down 4.27% at $178.67 on Monday, November 9, 2026, per Benzinga; the Benzinga report says the drop erased about $223 billion in market value.