On November 9, 2026, a securities class action complaint was filed against NVIDIA Corporation (“NVIDIA” or the “Company”) (NASDAQ: NVDA) and its CEO, Jen-Hsun “Jensen” Huang, on behalf of all persons and entities who purchased or otherwise acquired NVIDIA’s publicly-traded securities between October 9, 2025 and November 8, 2026, both dates inclusive (the “Class Period”).
The action, Kistenmacher v. NVIDIA Corporation, et al., was filed in the United States District Court for the Northern District of California and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
NVIDIA Securities Class Action Allegations
According to the complaint, Defendants made false and/or misleading statements and/or failed to disclose that: 1) Jensen Huang had an affair with a suspected Chinese spy, who also has a role at a company called Megaspeed, which is suspected of helping China evade export controls; 2) as such, NVIDIA’s statements about its relationship with Megaspeed were materially false and misleading at all relevant times; 3) the foregoing raised concerns in the national security community about NVIDIA and, if revealed, presented a material risk to the Company’s reputation and business prospects; and 4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
NVIDIA Announces Board Investigation; Shares Decline
According to the complaint, on November 8, 2026, NVIDIA’s board announced that it was initiating an independent investigation following reports that Jensen Huang had been the target of a foreign intelligence effort. The board stated that it had no reason to believe that national security or NVIDIA secrets had been compromised and that independent directors, assisted by outside counsel, would oversee the inquiry.
According to the complaint, NVIDIA shares declined $7.97 per share, or 4.27%, to close at $178.67 on November 9, 2026.
January 8, 2027 Lead Plaintiff Deadline
NVIDIA investors have until January 8, 2027 to move the Court for appointment as lead plaintiff. Investors do not need to seek appointment as lead plaintiff to remain a member of the proposed class.
NVIDIA (NVDA) Investors: Contact Kehoe Law Firm
If you purchased NVIDIA securities during the Class Period and suffered financial losses, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to learn more about the class action and your legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, as well as ERISA and retirement plan litigation. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
SEND US A MESSAGE
Contact Us
ADDRESS
Kehoe Law Firm, P.C.
2001 Market Street
Suite 2500
Philadelphia, PA 19103