StocksMedium•15 November 2026•
1 min read
Alibaba Shares Drop 7% as U.S. Weighs New Restrictions on Advanced Chip Rentals
Key Facts
1Alibaba shares in Hong Kong fell 7.3% following reports of new U.S. restrictions preventing Chinese firms from renting advanced chips.
2New U.S. rules aim to close loopholes allowing access to Nvidia chips through overseas data centers.
Alibaba shares in Hong Kong fell 7.3% following reports of new U.S. restrictions preventing Chinese firms from renting advanced chips. Bloomberg reported that the new rules aim to close loopholes allowing access to Nvidia processors through overseas data centers, a move that threatens the Chinese firm's cloud computing growth strategy.
Alibaba (BABA) closed at $94.38 on November 13, 2026, while Nvidia (NVDA) closed at $162.85 on the same date. In the broader semiconductor market, TSM closed at $398.73, while Intel (INTC) closed at $59.66 and AMD closed at $534.06 on November 13, 2026.