New York, New York--(Newsfile Corp. - November 10, 2026) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against NVIDIA Corporation ("Nvidia" or the "Company") (NASDAQ: NVDA) on behalf of investors that purchased or otherwise acquired Nvidia securities between October 9, 2025 and November 8, 2026 (the "Class Period").

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If you are an investor in Nvidia and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than January 8, 2027 for an opportunity to be lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

At the start of the Class Period and in response to news calling into question how closely Nvidia is tracking where it's A.I. chips end up and whether American export restrictions are being sidestepped, according to the complaint, Nvidia and a Nvidia spokesperson stated that "there was no evidence that its chips had been smuggled into China."

According to the complaint, on October 29, 2026, The New York Times published an article stating that a top executive at Megaspeed, a Singapore-based data center company, had developed a close relationship with Nvidia's CEO, Jenson Huang, and was under scrutiny for possibly steering advanced Nvidia A.I chips to China. Then, on October 30, 2026, according to the complaint Bloomberg reported that "[Jensen Huang] said the chipmaker's dealing with Megaspeed International were 'normal and not unusual.'"

The truth allegedly emerged on November 8, 2026, when Nvidia issued a statement that "[t]he 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." The New York Times published an article the same day entitled "Nvidia Opens Investigation into Jensen Huang's Relationship With Suspected Chinese Spy," which states that "Nvidia has continued doing business with [the business executive's] company, Megaspeed, even after The Times reported last year that the Commerce Department was investigating whether the company was helping China smuggle restricted A.I. chips." On this news, Nvidia stock fell $7.97 per share, or 4.27%, to close at $178.67 on November 9, 2026.

The complaint alleges, among other things, that throughout the Class Period, Nvidia's statements about its relationship with Megaspeed were materially false and misleading at all relevant times.

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https://www.kaplanfox.com/case/nvidia-nvda-class-action/

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Source: Kaplan Fox & Kilsheimer LLP