FeesSafety
Pluang+

Congress pushes for China chip sale limits in defense bill after Nvidia spy scandal

Market News
10 Nov 2026, 16:27 WIB
24/7 Wall Street
View Source
Bearish
Congress pushes for China chip sale limits in defense bill after Nvidia spy scandal

House Democratic leader Hakeem Jeffries supports adding restrictions on U.S. chip sales to China in the National Defense Authorization Act following a spy scandal involving Nvidia. The Senate bill includes measures for congressional review of AI chip sales, tracking of AI chips abroad, and allied restrictions on chipmaking equipment to China. Nvidia's China revenue is already minimal and excluded from forecasts, so a full ban would have little financial impact. The controversy weakens Nvidia's lobbying, but the final bill's outcome depends on political negotiations, with Democrats gaining control of Congress in January.

As of Nov 10, 2026 21:41 WIB, Nvidia (NVDA) shares are trading at USD 171.70 on Pluang, down 3.90% in the last day. Despite the political debate over chip sales to China, Nvidia's market cap remains substantial at $4.31 trillion. The stock sees a balanced order flow with 45% sell and 55% buy activity, and investors typically hold for about 118 days.

More News (NVDA)

Odds of Nvidia CEO Jensen Huang leaving rise to 18% amid scandal involving AI chip smuggling probe.

Odds of Nvidia CEO Jensen Huang leaving rise to 18% amid scandal involving AI chip smuggling probe.

The probability that Nvidia CEO Jensen Huang will resign or be removed has risen to 18% by year-end and 23% by March 2027, following a scandal involving suspected AI chip smuggling linked to Megaspeed International, where Huang's partner was an execu...

Market News
Bearish
5 hours ago
Anthropic plans $58-64B IPO despite market jitters, aiming for $1.4T valuation on Nasdaq debut.

Anthropic plans $58-64B IPO despite market jitters, aiming for $1.4T valuation on Nasdaq debut.

Anthropic is moving forward with its IPO, planning to offer 825 million Class A shares priced between $70 and $78 each, potentially raising $57.75 billion to $64.35 billion. The company could reach a valuation of $1.404 trillion if shares price at th...

Bullish
6 hours ago
Nvidia faces rising competition and downgrades to Hold despite attractive valuation at 11x P/E.

Nvidia faces rising competition and downgrades to Hold despite attractive valuation at 11x P/E.

Nvidia is encountering growing competitive threats from hyperscalers and AI labs developing their own chips, which challenges its traditional market advantage. Despite recent negative sentiment and concerns related to China, Nvidia's stock trades at ...

Analyst Insights
Bearish
6 hours ago
Bank of America drops Nvidia from top US investment ideas amid CEO controversy and security concerns

Bank of America drops Nvidia from top US investment ideas amid CEO controversy and security concerns

Bank of America has removed Nvidia from its US 1 list of top investment ideas due to growing concerns around CEO Jensen Huang's personal scandal and national security issues. Huang admitted to an extramarital affair linked to a former executive suspe...

Market News
Bearish
6 hours ago
Nvidia stock drops $350B after CEO's affair news, but AI growth remains key for investors.

Nvidia stock drops $350B after CEO's affair news, but AI growth remains key for investors.

Nvidia's stock lost about $350 billion in market value following revelations of CEO Jensen Huang's affair with an alleged Chinese spy. Despite this significant drop, experts suggest that the affair should not be the main focus for investors. The comp...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App