StocksMedium•10 November 2026•
1 min read
Nvidia Shares Drop 6% as Board Probes CEO's China Ties and Chip Diversion
Key Facts
1Nvidia shares fell 5.47% on Tuesday, extending losses for a second consecutive session.
2The board initiated an independent investigation into ties with a Singapore-based cloud partner and potential diversion of restricted chips.
3Three U.S. House committee chairs requested closed-door briefings with Jensen Huang regarding the company's relationship with Megaspeed.
Nvidia shares fell 5.47% on Tuesday, extending losses for a second consecutive session. According to 재경일보, the company's board initiated an independent investigation into ties with a Singapore-based cloud partner and the potential diversion of restricted chips, while chairs of three U.S. House committees requested closed-door briefings with CEO Jensen Huang regarding the company's relationship with Megaspeed.
Nvidia closed at $166.9 on November 10, 2026, amid deepening concerns over whether personal relationships led to the improper diversion of AI chips to Chinese firms. In the broader semiconductor sector, TSM closed at $389.76 on November 10, 2026, while AMD and INTC closed at $508.58 and $59.37 respectively on November 9, 2026.