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Trump backs NVIDIA CEO Huang amid spy allegations, but Congress seeks answers.

Market News
10 Nov 2026, 14:21 WIB
24/7 Wall Street
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Bearish
Trump backs NVIDIA CEO Huang amid spy allegations, but Congress seeks answers.

President Trump publicly supported NVIDIA CEO Jensen Huang, stating he believes Huang was unaware of spy allegations involving a former executive. Despite Trump's backing, Republican congressional committees have requested a closed-door briefing with Huang, signaling ongoing scrutiny. NVIDIA's stock has declined amid the controversy, but the company maintains strong financial growth and guidance. The situation remains uncertain as investigations and upcoming earnings reports could impact the company's outlook and governance.

NVIDIA's stock price at USD 178.25 is closer to its 52-week low of USD 165.17 than its high of USD 239.27, showing some pressure despite the company's strong market cap of $4.31 trillion. On Pluang, the stock saw a slight decline of 0.24% as of Nov 10, 2026, 19:11 WIB, with a balanced order activity leaning slightly towards buying at 55%. This trading pattern highlights cautious investor sentiment amid ongoing scrutiny of the company's leadership.

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