Securities Fraud Class Action Filed Against NVIDIA Corporation: Glancy Prongay Wolke & Rotter LLP Announces Lead Plaintiff Deadline

Complaint alleges NVIDIA Corporation made false or misleading statements to investors who bought between October 9, 2025 and November 8, 2026; lead plaintiff motions are due by January 8, 2027

LOS ANGELES--(BUSINESS WIRE)--A securities fraud class action lawsuit has been filed against NVIDIA Corporation ("Nvidia" or the "Company") (NASDAQ: NVDA) on behalf of investors who purchased or otherwise acquired the Company's securities between October 9, 2025 and November 8, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today announced the filing. The NVIDIA Corporation case, Kistenmacher v. NVIDIA Corporation et al., was filed on November 9, 2026 in the U.S. District Court Northern District of California (Case No. 5:26-cv-13488). NVIDIA Corporation investors have until January 8, 2027 to file a lead plaintiff motion.

Investors who suffered losses on NVIDIA Corporation investments can inquire about the NVIDIA Corporation class action to learn about potentially pursuing claims under the federal securities laws before the January 8, 2027 lead plaintiff deadline.

The NVIDIA Corporation case at a glance

• Complaint 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 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 does the NVIDIA Corporation lawsuit allege?

The NVIDIA Corporation class action 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 move the Court no later than January 8, 2027 to request appointment as lead plaintiff in this putative class action lawsuit.

"The complaint against NVIDIA Corporation alleges, among other things, that the Company 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. Investors who purchased during the class period may be able to recover their losses in the class action, and any investor interested in serving as lead plaintiff should note the January 8, 2027 deadline," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist NVIDIA Corporation investors in potentially pursuing claims to recover their losses. To learn more about the NVIDIA Corporation lawsuit or your rights, visit the NVIDIA Corporation case page, email [e-mail], or call 310-201-9150 (toll-free: 888-773-9224).

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

To be a member of the NVIDIA Corporation class, you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent class member. No class has been certified yet in the NVIDIA Corporation case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired NVIDIA Corporation securities between October 9, 2025 and November 8, 2026 and suffered losses may be members of the proposed class in the NVIDIA Corporation securities lawsuit.

Where was the NVIDIA Corporation lawsuit filed? The NVIDIA Corporation class action, Kistenmacher v. NVIDIA Corporation et al., was filed on November 9, 2026 in the U.S. District Court Northern District of California as Case No. 5:26-cv-13488.

What is a lead plaintiff? In the NVIDIA Corporation class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I need to act to be part of the NVIDIA Corporation class? No. NVIDIA Corporation investors need not take any action at this time to be class members, and their ability to share in any future recovery does not depend on serving as lead plaintiff.

Does it cost anything to contact Glancy or participate in this action? Glancy represents NVIDIA Corporation investors on a contingency fee basis, so investors pay no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.

Why work with Glancy on the NVIDIA Corporation lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the NVIDIA Corporation shareholder lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

• NVIDIA Corporation case page, Glancy Prongay Wolke & Rotter LLP
• 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
• Glancy Prongay Wolke & Rotter LLP

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