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Nvidia shares drop after CEO's ties to controversial buyer and China revenue claims surface

Market News
10 Nov 2026, 15:27 WIB
24/7 Wall Street
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Bearish
Nvidia shares drop after CEO's ties to controversial buyer and China revenue claims surface

Nvidia's stock fell 4.27% following revelations that CEO Jensen Huang had undisclosed ties to Alice Huang, an executive at Megaspeed, Nvidia's largest Southeast Asian chip buyer. A short seller report from May alleged illegal revenue diversion from China via Megaspeed, claims Nvidia denies but are now under board investigation. The controversy raises risks around export controls and revenue quality, with an earnings report due November 17 expected to clarify exposure and investigation scope. Investors are watching closely for any impact on Nvidia's core business and future guidance.

Nvidia trades at USD 177.16 on Pluang as of Nov 10, 2026 20:21 WIB, down 0.85% in the past day. The stock's 52-week range is between USD 165.17 and USD 239.27. Pluang users show a balanced interest with 55% buy and 45% sell orders, reflecting cautious sentiment amid ongoing investigations.

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