Nvidia Shareholder Lawyers Respond: Trump's Stance Will Not Determine the Direction of the Class Action Lawsuit

on November 11, Nvidia shareholders are filing a securities class action lawsuit against Nvidia and its founder Jensen Huang, accusing them of misleading a wide range of investors through misconduct. The case stems from recent disclosures on the company website where Jensen Huang admitted to an extramarital affair. U.S. President Trump continues to strongly support Jensen Huang. On November 9 local time, Trump publicly backed Jensen Huang at a White House press conference, stating, “I believe him.”

In response, Laurence Rosen, lead counsel for the securities class action, stated that even if Trump’s claim that Jensen Huang was unaware, and the Nvidia board’s assertion that national security was not compromised, were true, neither would determine the outcome of the case. The lawsuit “focuses on whether the statements made on October 9, 2025, were misleading, and existing facts support this conclusion.” Currently, the litigation targets only Nvidia and Jensen Huang. Rosen noted that it remains undetermined whether additional defendants, including members of Nvidia’s board of directors, will be added. (Jinshi)