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Nvidia shares fell another 5.5% on November 10, bringing its two-day loss in market value to more than $400 billion. The company is investigating whether CEO Jensen Huang was the target of a foreign intelligence operation, as investors weigh the potential effects on its leadership and reputation.
The US and China are implementing a two-month extension of their trade truce. China has postponed rare earth and related equipment export controls until mid-January 2027. The US has extended additional tariff exemptions for 178 Chinese products and proposed continuing its suspension of port fees on Chinese vessels.
On November 10, Wang Yi called on the EU to maintain stable, balanced trade relations with China during a call with French Foreign Minister Jean-Noël Barrot. Disputes remain over electric vehicle tariffs and market access. Data released that day showed China’s trade surplus with the EU reached about $310 billion in the first 10 months of the year.
Nvidia’s board is investigating a controversy involving CEO Jensen Huang. Its findings and whether he will remain in his role are uncertain. Shares fell 4.2% on November 9. Analysts say his departure could raise legal and strategic concerns, while demand for Nvidia chips is unlikely to drop sharply in the short term.
