Nvidia faces securities fraud suit over CEO's China ties

nvidia's stock slid 4% after its board said it would investigate ceo jensen huang's relationship with alice huang, an executive at singapore data center company megaspeed, whom us intelligence believes was spying for china. securities lawyers, including schall, brown & schwartz, are investigating whether nvidia made false or misleading statements or failed to disclose pertinent information. a stanford law professor expects a filing and notes that early filers have an advantage in signing up investors and shaping the case. the suit may claim nvidia's earlier statement about huang's relationship was misleading.