EL7.AI
StocksMedium•13 November 2026•
1 min read

Alibaba and Tencent Lose $75 Billion in Value Amid US Chip Restriction Fears

Key Facts

1Alibaba and Tencent lost approximately $75 billion in combined market value within a single week.
2Alibaba shares declined 14% and Tencent lost 8% amid fears of Washington tightening chip restrictions.

Alibaba and Tencent lost approximately $75 billion in combined market value within a single week. According to Financial Times reporting, Alibaba shares declined 14% and Tencent lost 8% amid fears that Washington will tighten restrictions on Chinese companies accessing advanced artificial intelligence chips through cloud facilities.

Alibaba closed at $94.36 on November 12, 2026, while Tencent closed at $50.12 on the same date. Market uncertainty was further fueled by the reported resignation of Nvidia CEO Jensen Huang, with Nvidia shares closing at $166.19 on November 12, 2026. During the same session, TSM closed at $405.49 and INTC closed at $61.20.

Federal Reserve Chair Kevin Warsh is scheduled to deliver a speech on November 16, 2026, an event that may draw attention for broader economic policy signals affecting the global technology sector.

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