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Chinese AI models trained on Nvidia chips banned by US amid Nvidia CEO scandal over chip smuggling.

Market News
13 Nov 2026, 20:40 WIB
TechCrunch
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Bearish
Chinese AI models trained on Nvidia chips banned by US amid Nvidia CEO scandal over chip smuggling.

Chinese AI labs reportedly trained leading models on Nvidia's Blackwell GPUs, which the US has banned from export to China. Nvidia CEO Jensen Huang resigned following revelations of his affair with Alice Huang, linked to a company accused of smuggling Nvidia chips into China. This raises concerns about US export control enforcement and Nvidia's corporate liability. The situation highlights challenges in preventing China from accessing advanced AI chips, with smuggling and offshore data centers complicating enforcement. The US government is scrutinizing Nvidia and related officials amid fears that Chinese demand for Nvidia chips could be curtailed if China boosts its domestic chip industry.

As of Nov 14, 2026 01:51 WIB, Nvidia's stock price on Pluang is USD 162.54, down 2.20% for the day, reflecting some investor caution possibly linked to the recent controversies. The company's market cap stands at $4.01 trillion, with a Pluang order activity skewed towards 59% Sell and 41% Buy. This trading pattern highlights a notable shift in sentiment amid the complex issues surrounding Nvidia's chip exports and corporate leadership.

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