Lawyer for Nvidia shareholders: Trump's stance does not affect the direction of the class action against Nvidia and Jensen Huang

Odaily reports: Regarding the securities class action filed by Nvidia shareholders against Nvidia and its founder and CEO Jensen Huang, attorney Laurence Rosen stated that Trump's support for Jensen Huang, as well as the Nvidia board's statement that national security was not compromised, cannot determine the final outcome of the case.

Rosen pointed out that the core of the case is whether Nvidia's relevant statements made on October 9, 2025 were misleading, and that facts currently support this litigation claim. The lawsuit alleges that Nvidia and Jensen Huang failed to adequately disclose their relationship with individuals associated with the Singaporean company Megaspeed, as well as the national security and business risks that could arise from it.

Previously, U.S. President Trump publicly expressed confidence in Jensen Huang, and said that Jensen Huang had told him that he did not know the relevant individuals were suspected of engaging in espionage activities. The Nvidia board has launched an independent investigation, stating that there is currently no reason to believe that national security or Nvidia's trade secrets have been compromised.

Rosen stated that the lawsuit currently targets only Nvidia and Jensen Huang, and it has not yet been determined whether additional defendants will be added, including members of the Nvidia board.