Chinese Chip Stocks Rise as Nvidia Woes Put Focus on Domestic Suppliers
By Sherry Qin
Chinese chip stocks rose Thursday as turmoil at Nvidia raised hopes that domestic suppliers could gain market share.
Nvidia shares fell more than 8% in after-hours trading after The Wall Street Journal reported that its board is preparing to oust Chief Executive Jensen Huang over two extramarital affairs, including one with a suspected Chinese spy and another with an employee.
Shares of Chinese AI chip designers rose broadly. Moore Threads gained 6.9%, Shanghai Biren Technology advanced 6.7%, Cambricon Technology rallied 9.8% and MetaX climbed 7.9%.
Beijing's push for technological self-reliance has fueled demand for locally made semiconductors. Further restrictions on Nvidia's business in China could create more opportunities for domestic suppliers.
Analysts say the espionage allegations may prompt [U.S. politicians/members of congress] to scrutinize Nvidia's ties to China, compliance with export controls and internal safeguards more closely.
Democratic Sens. Elizabeth Warren and Chris Coons have asked the Trump administration to preserve all documents tied to Nvidia's chip exports to China and Huang's alleged affair with a suspected Chinese intelligence asset. Such requests often precede formal congressional investigations.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
November 11, 2026 23:54 ET (04:54 GMT)
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