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Alleged Chinese spy linked to Huawei owned stakes benefiting Nvidia's rival amid CEO's affair scandal.

Market News
12 Nov 2026, 22:10 WIB
CNBC
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Bearish
Alleged Chinese spy linked to Huawei owned stakes benefiting Nvidia's rival amid CEO's affair scandal.

Alice Huang, alleged to be a Chinese spy and involved romantically with ousted Nvidia CEO Jensen Huang, owned stakes in companies benefiting Huawei, Nvidia's main competitor in China. Private intelligence firm Tesari uncovered her connections to entities that supplied computing power to Huawei, raising national security concerns and potential export-control violations. This entanglement complicates the scandal around Nvidia's leadership and highlights risks of technology transfer to Chinese state-backed firms. Investigations by U.S. authorities may follow to determine if unauthorized transfers occurred.

Nvidia (NVDA) shares are down 5.15% at USD 164.79 as of Nov 13, 2026, 03:21 WIB on Pluang, reflecting notable selling pressure with 16% of orders as Sell. Despite this, the stock maintains a strong market cap of $4.20 trillion and a dividend yield of 0.58%, with investors typically holding for 117 days. This contrasts with the intense scrutiny Nvidia faces due to ties between its former CEO and Chinese competitors, highlighting the complex risks in the tech sector today.

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