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US DOJ probes Singapore's Megaspeed amid Nvidia espionage concerns; Nvidia CEO retains strong board support.

09 Nov 2026, 20:56 WIB
Seeking Alpha
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Bearish
US DOJ probes Singapore's Megaspeed amid Nvidia espionage concerns; Nvidia CEO retains strong board support.

The US Department of Justice is investigating Singapore data center company Megaspeed following concerns raised by Nvidia about potential espionage. Nvidia's CEO Jensen Huang is also under scrutiny due to a related foreign intelligence probe, but 63% of investors expect him to remain CEO with full board backing. Meanwhile, Jersey Mike's has opened its first UK location in London, and food tech startup Wonder has confidentially filed for an IPO after expanding through acquisitions. These developments highlight ongoing corporate and geopolitical tensions affecting major tech and food companies.

As of Nov 10, 2026 02:11 WIB, Nvidia (NVDA) is trading at USD 176.35 on Pluang, down 5.51% in the past day, with a market cap of $4.51 trillion. Investor sentiment shows a slight majority leaning towards buying, with 55% buy orders versus 45% sell. Jersey Mike's (JMKE) shares are up 2.89% at USD 19.56, reflecting positive momentum in the consumer cyclical sector, with a market cap of $6.04 billion. The notable figure here is Nvidia's significant one-day decline despite ongoing corporate scrutiny.

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