Nvidia Woes Rattle Asian AI Stocks and Alibaba Shares
WHO:
Bloomberg Markets - Julien Lafargue, chief market strategist at Barclays Private Bank, said investors should remain exposed to the AI boom despite financing risks and Nvidia’s leadership turmoil.
ABC News - Nvidia CEO Jensen Huang is the subject of a leadership controversy; Nvidia’s board reportedly met to discuss his situation.
ABC News - Huang admitted to a relationship with a businesswoman who allegedly provided intelligence and advanced chips to China.
Bloomberg Markets - Chinese AI stocks and Alibaba shares were affected by concerns about access to advanced chips.
ABC News - CoreWeave rents access to AI chips to customers through cloud services.
WHAT:
Bloomberg Markets - Nvidia’s decline accounted for more than half of the drop in Nasdaq 100 futures contracts.
ABC News - Nvidia shares fell 8.6% in after-hours trading after reports of the board meeting, following a 2.9% rise during Wednesday’s trading session.
ABC News - Asian shares and U.S. futures declined as concerns about Nvidia weighed on AI-related stocks.
ABC News - Japan’s Nikkei 225 fell 0.7% to 60,798.84; South Korea’s Kospi slipped 0.2% to 5,364.26; Taiwan’s Taiex lost 2.6%; Australia’s S&P/ASX 200 declined nearly 0.1% to 9,146.80.
ABC News - Hong Kong’s Hang Seng fell 1.2% to 24,034.38, and the Shanghai Composite fell 0.6% to 3,657.03.
ABC News - The S&P 500 rose 1.3%, the Nasdaq Composite gained 1.6%, and the Dow Jones Industrial Average added 254 points, or 0.5%. The S&P 500 was within 2.6% of its record high.
ABC News - CoreWeave shares jumped 24.7% after the company reported a smaller summer loss than analysts expected.
Bloomberg Markets - Alibaba shares dropped 7%; Chinese AI stocks tumbled.
ABC News - U.S. crude fell 0.28% to $86.29 a barrel, and Brent crude fell 0.27% to $92.51 a barrel. Brent had fluctuated between $72 and $120 since the war with Iran raised prices.
ABC News - The U.S. dollar traded at 159.78 Japanese yen, compared with 159.79 yen; the euro cost $1.1080, down from $1.1091.
WHERE:
ABC News - The reported Nvidia board meeting took place late Wednesday; Asian market movements were reported across Japan, South Korea, Taiwan, Australia, Hong Kong, and mainland China.
Bloomberg Markets - The chip-access concerns involved U.S. scrutiny of Chinese cloud operators.
WHY:
Bloomberg Markets - Lafargue said financing risks and Nvidia’s leadership turmoil were testing the resilience of the AI investment trade.
ABC News - Investors were concerned about Huang’s relationship with a Chinese businesswoman and possible national-security implications in the United States.
Bloomberg Markets - Alibaba and Chinese AI stocks fell amid fears that U.S. scrutiny could tighten cloud operators’ access to advanced chips.
ABC News - Investors also worried that AI businesses might not become profitable enough to justify massive technology investments.
HOW:
ABC News - Nvidia said it was investigating Huang.
ABC News - The U.S. bond market was closed for Veterans Day.
(UPDATED November 12, 2026 10:58 UTC)
Nvidia shares plunged after reports its board discussed CEO Jensen Huang’s leadership. Huang’s admitted relationship with a businesswoman allegedly linked to China raised security concerns. Asian markets fell as investors reassessed the artificial-intelligence boom.
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(UPDATED November 12, 2026 10:01 UTC)
Nvidia shares plunged 8.6% after reports its board discussed CEO Jensen Huang’s situation. Nvidia is investigating Huang over a relationship with a businesswoman allegedly aiding China. Chip-access concerns also battered Asian AI stocks, while CoreWeave shares surged 24.7%.