NVIDIA Corporation (NASDAQ: NVDA) Securities Class Action

USDC – Northern District of California

november 9, 2026

CLASS PERIOD: october 9, 2025 – november 8, 2026
LEAD PLAINTIFF DEADLINE: january 8, 2027

Please complete the form below to contact Kaplan Fox regarding the NVIDIA class action:

Principal Contacts

About the NVIDIA class action lawsuit

A securities class action has been filed against NVIDIA Corporation (NASDAQ: NVDA) on behalf of investors who purchased or otherwise acquired Nvidia securities between October 9, 2025 and November 8, 2026 (the “Class Period”). The case was filed in the U.S. District Court for the Northern District of California.

Investors who want to ask the court to appoint them lead plaintiff must do so by January 8, 2027. If you invested in Nvidia during the Class Period and suffered losses, contact Kaplan Fox using the form on this page, by emailing pmayer@kaplanfox.com, or by calling (646) 315-9003.

What the lawsuit alleges

At the start of the Class Period and in response to news calling into question how closely Nvidia is tracking where it’s A.I. chips end up and whether American export restrictions are being sidestepped, according to the complaint, Nvidia and a Nvidia spokesperson stated that “there was no evidence that its chips had been smuggled into China.”

The complaint alleges, among other things, that throughout the Class Period, Nvidia’s statements about its relationship with Megaspeed were materially false and misleading at all relevant times.

What happened to NVIDIA stock

According to the complaint, on October 29, 2026, The New York Times published an article stating that a top executive at Megaspeed, a Singapore-based data center company, had developed a close relationship with Nvidia’s CEO, Jenson Huang, and was under scrutiny for possibly steering advanced Nvidia A.I chips to China. Then, on October 30, 2026, according to the complaint Bloomberg reported that “[Jensen Huang] said the chipmaker’s dealing with Megaspeed International were ‘normal and not unusual.’”

The truth allegedly emerged on November 8, 2026, when Nvidia issued a statement 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.” The New York Times published an article the same day entitled “Nvidia Opens Investigation into Jensen Huang’s Relationship With Suspected Chinese Spy,” which states that “Nvidia has continued doing business with [the business executive’s] company, Megaspeed, even after The Times reported last year that the Commerce Department was investigating whether the company was helping China smuggle restricted A.I. chips.” On this news, Nvidia stock fell $7.97 per share, or 4.27%, to close at $178.67 on November 9, 2026.

Who may be eligible

The proposed class includes investors who purchased or otherwise acquired Nvidia securities between October 9, 2025 and November 8, 2026. If you bought during that period and suffered losses, you may be a member of the class.

Lead plaintiff deadline: January 8, 2027

A lead plaintiff is an investor the court appoints to represent the class and oversee the case on its behalf. Class members who want to serve in that role must move the court no later than January 8, 2027. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you have losses, contact us to learn more about the lead plaintiff process.

Case updates

• January 8, 2027: Deadline to ask the court to be appointed lead plaintiff.

Frequently asked questions

Do I have to become lead plaintiff to recover?

No. You need not seek to become a lead plaintiff in order to share in any possible recovery.

What if I bought Nvidia outside the Class Period?

The complaint as filed covers purchases between October 9, 2025 and November 8, 2026. Contact us if you are not sure whether your purchases qualify.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation’s premier plaintiffs’ securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.