Lawsuit alleges NVIDIA Corporation misled investors who acquired its securities from October 9, 2025 to November 8, 2026; lead plaintiff deadline is January 8, 2027

A securities class action lawsuit has been filed against NVIDIA Corporation ("Nvidia" or the "Company") (NASDAQ: NVDA) on behalf of investors who purchased or otherwise acquired NVIDIA Corporation securities from October 9, 2025 to November 8, 2026, inclusive. The Law Offices of Frank R. Cruz today reported the case, Kistenmacher v. NVIDIA Corporation et al., filed on November 9, 2026 in the U.S. District Court Northern District of California (Case No. 5:26-cv-13488). Lead plaintiff motions in the NVIDIA Corporation case are due by January 8, 2027.

If you lost money on NVIDIA Corporation investments, contact The Law Offices of Frank R. Cruz to learn more about the NVIDIA Corporation class action and your potential claims under the federal securities laws before the January 8, 2027 lead plaintiff deadline.

NVIDIA Corporation lawsuit key dates

• Filed: November 9, 2026
• Court: U.S. District Court Northern District of California
• Class period: October 9, 2025 to November 8, 2026, inclusive
• Lead plaintiff motion deadline: January 8, 2027

What happened?

On November 8, 2026, NVIDIA issued a statement that “The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort.”

On the same day, The New York Times published an article which stated that “Mr. Huang[,] acknowledged on Sunday that he was intimate with a business executive who U.S. officials had determined was working for Chinese intelligence.” The article further stated that Mr. Huang’s relationship with the woman became a U.S. government concern after surveillance revealed that she was feeding information directly to Beijing.

On this news, Nvidia stock fell $7.97, or 4.27%, to close at $178.67 on November 9, 2026, thereby injuring investors.

What is the NVIDIA Corporation class action about?

The NVIDIA Corporation securities lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about NVIDIA Corporation's business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors 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' positive statements about NVIDIA Corporation's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Investors who purchased or otherwise acquired NVIDIA Corporation securities during the class period may ask the Court, no later than January 8, 2027, to appoint them lead plaintiff in this putative class action.

"According to the complaint filed against NVIDIA Corporation, the Company, among other things, failed to disclose that 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. Now that the case has been filed, the January 8, 2027 deadline is the date investors who bought during the class period should know," said Frank R. Cruz of The Law Offices of Frank R. Cruz.

What should NVIDIA Corporation investors do now?

The Law Offices of Frank R. Cruz can help NVIDIA Corporation investors evaluate potential claims to recover their losses. To learn more, visit the NVIDIA Corporation case page, email info@frankcruzlaw.com, or call 310-914-5007.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

NVIDIA Corporation investors need not take any action at this time to be class members. Investors may retain counsel of their choice or take no action and remain absent class members. No class has been certified yet in the NVIDIA Corporation case.

Questions and answers about the NVIDIA Corporation class action

Who is eligible? Investors who bought NVIDIA Corporation securities between October 9, 2025 and November 8, 2026 and lost money may be class members in the NVIDIA Corporation securities lawsuit.

What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the NVIDIA Corporation class action, and lead plaintiff motions are due by January 8, 2027.

Must I act now to be part of the NVIDIA Corporation class? No, NVIDIA Corporation investors need not take any action at this time and may remain absent class members.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.

Prior results do not guarantee a similar outcome.

Related links

• NVIDIA Corporation case page, The Law Offices of Frank R. Cruz
• Complaint: Kistenmacher v. NVIDIA Corporation et al., U.S. District Court Northern District of California
• Financial Times Press Release
• NVIDIA Corporation SEC filings index, EDGAR
• The Law Offices of Frank R. Cruz

Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW

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