SAN FRANCISCO, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Hagens Berman, a prominent national trial law firm specializing in securities fraud and shareholder rights, alerts investors in NVIDIA Corporation (NASDAQ: NVDA) to breaking developments surrounding the pending federal securities class action lawsuit, Kistenmacher v. NVIDIA Corporation, et al. (Case No. 5:26-cv-13448), filed in the U.S. District Court for the Northern District of California.
The firm encourages NVIDIA investors who purchased shares and suffered substantial losses to submit your losses now.
- Class Period: Oct. 9, 2025 – Nov. 8, 2026
- Lead Plaintiff Deadline: Jan. 8, 2027
- Visit: www.hbsslaw.com/nvda
- Contact Email: NVDA@hbsslaw.com
- Direct Firm Phone: 844-916-0895
- Blog: www.hbsslaw.com/blog/high-bandwidth-espionage-nvidia-corporation-nvda
Jensen Huang's resignation as CEO
Today, NVIDIA officially announced that co-founder and Chief Executive Officer Jensen Huang has resigned, effective immediately, following a special board review and investigation. The executive shakeup comes on the heels of explosive reports from The Wall Street Journal and other outlets regarding NVIDIA’s board meetings detailing undisclosed personal relationships. These disclosures include Huang’s initial admission regarding an affair with Alice Huang, a senior executive at Singapore-based data center operator Megaspeed whom U.S. authorities flagged as a potential security risk, alongside subsequent reports from The New York Times revealing a second extramarital affair with an internal subordinate, NVIDIA Vice President of Healthcare Kimberly Powell.
CFO Colette Kress has been named interim CEO while the board conducts a search for a permanent successor. The cascading governance and national security crisis has triggered steep stock sell-offs, wiping out billions in market capitalization and creating severe market volatility as investors evaluate the leadership transition ahead of the upcoming January 8, 2027 lead plaintiff deadline.
Allegations in the Pending Securities Class Action
The latest developments come on the heels of a securities class action lawsuit recently filed against NVIDIA and key executives.
The complaint alleges that defendants concealed that Jensen Huang was engaged in a personal relationship with Alice Huang, a senior executive at Megaspeed—a key ecosystem partner scrutinized over the circumvention of U.S. semiconductor export controls—whom U.S. officials reportedly identified as a suspected intelligence asset. The lawsuit contends that these undisclosed ties rendered NVIDIA's public assurances regarding its business dealings and export compliance—including NVIDIA's October 9, 2025 statement asserting "no evidence of diversion" of its chips through Megaspeed, and Huang's subsequent statements characterizing dealings with Megaspeed as ordinary and routine—materially false and misleading.
The complaint further highlights that these concealed relationships exposed NVIDIA to severe governance, operational, and national security risks that materialized when the board launched its emergency investigation, erasing billions in market value.
“Our investigation centers on the pending allegations that NVIDIA and its leadership misled the investing public about the true nature of their ties to Megaspeed and concealed governance breakdowns during the Class Period, said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation of the alleged claims.
What can Nvidia Investors Do?
If you suffered substantial losses purchasing or acquiring NVIDIA Corporation (NASDAQ: NVDA) stock during the Class Period (Oct. 9, 2025 – Nov. 8, 2026), you may seek appointment as Lead Plaintiff for the class before the January 8, 2027 deadline.
- Submit your losses now
- Direct Contact: Contact Reed Kathrein, Partner, leading the securities practice group, by calling (844) 916-0895 or emailing NVDA@hbsslaw.com.
Whistleblowers: Persons with non-public information regarding NVIDIA should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email NVDA@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, NVDA@hbsslaw.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc4880f7-2931-4fb4-bfb1-503ea421230e
