NVIDIA , CEO JENSEN HUANG SUED OVER DISCLOSURES RELATED TO SUSPECTED CHINESE SPY

What happened: Nvidia and CEO Jensen Huang were sued in a proposed class action accusing them of concealing Huang's ties with a suspected Chinese spy. Key numbers: Shares closed down 4.3% on Monday, reducing market capitalization by approximately $190 billion. The lawsuit was filed five minutes after the US stock market closed. Why it matters: The complaint says the matter raised national security concerns that threatened Nvidia's reputation and business prospects. Nvidia announced a probe into the matter on Sunday. Coverage: 15+ outlets in 24h

Nvidia and CEO Jensen Huang were sued in a proposed class action accusing them of concealing Huang's ties with a suspected Chinese spy.

The complaint says the matter raised national security concerns that threatened Nvidia's reputation and business prospects. Nvidia announced a probe into the matter on Sunday.