Key Highlights
- Kaplan Fox & Kilsheimer LLP says a securities class action has been filed against NVIDIA Corporation.
- The proposed class covers investors who bought Nvidia securities between October 9, 2025 and November 8, 2026.
- The law firm says the deadline to seek lead-plaintiff status is January 8, 2027.
Kaplan Fox & Kilsheimer LLP said a securities class action lawsuit has been filed against NVIDIA Corporation (NASDAQ: NVDA) on behalf of investors who purchased or otherwise acquired Nvidia securities during a proposed class period running from October 9, 2025 to November 8, 2026.
In its release, the law firm pointed to allegations in the complaint involving Nvidias statements about its relationship with Megaspeed, a Singapore-based data centre company, and issues related to where Nvidias artificial intelligence chips end up and whether US export restrictions are being sidestepped.
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Allegations described in the complaint
According to the releases summary of the complaint, early in the class period Nvidia and an Nvidia spokesperson stated that there was no evidence that its chips had been smuggled into China. The release also cites the complaints description of media reporting in late October 2026, including a New York Times article about a Megaspeed executives relationship with Nvidia Chief Executive Officer Jensen Huang and scrutiny over whether advanced Nvidia artificial intelligence chips were being steered to China.
The release says Nvidia issued a statement on November 8, 2026 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. It also references a New York Times article published the same day about the investigation and Nvidias relationship with Megaspeed.
The complaint alleges, among other things, that Nvidias statements about its relationship with Megaspeed were materially false and misleading during the class period, the release said.
Deadlines and next steps for investors
Kaplan Fox said investors who want to ask the court to be appointed lead plaintiff must do so by January 8, 2027. The firm also noted that investors do not need to seek lead-plaintiff status to participate in any potential recovery.
The release also stated that Nvidia shares fell $7.97 per share, or 4.27%, to close at $178.67 on November 9, 2026, following the November 8, 2026 disclosure described above.
The original press release is available on stockhouse.com
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