NVIDIA Shareholders' Attorneys Respond: Trump's Stance Does Not Determine the Course of the Class Action

TechFlow reported on November 11 that NVIDIA shareholders are filing a securities class action against NVIDIA and its founder Jensen Huang, alleging misconduct misled investors. The case stems from Huang's recent admission of an extramarital affair on the company's website. U.S. President Donald Trump continues to strongly back Huang. On November 9 local time, Trump publicly endorsed Huang at a White House press briefing, saying, "I believe him (Huang)."

In response, Laurence Rosen, the attorney representing the securities class action, said that Trump's statement that Huang was unaware and NVIDIA's board's statement that national security was not compromised, even if true, cannot determine the outcome of the case. The lawsuit's issue is "whether the statements made on October 9, 2025 were misleading, and existing facts support that conclusion." Currently, the lawsuit targets only NVIDIA and Huang. Rosen said it has not yet been determined whether additional defendants, including NVIDIA board members, will be added. (Jin10)

Source: TechFlow