Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela
Published . Updated .
Key takeaways
- CNBC’s “Squawk Box” team discusses the fallout of Nvidia CEO Jensen Huang's scandal involving an alleged Chinese spy, its impact on Nvidia's AI ecosystem and more with Kanyi Maqubela of Kindred Ventures.
- Exposed: SMH, SOXX, QQQ, NVDA, MSFT
- Market reaction: SOXX +5.6% on the day (still updating); SMH +4.6% on the day (still updating); AVGO +5.3% on the day (still updating)
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CNBC’s “Squawk Box” team discusses the fallout of Nvidia CEO Jensen Huang's scandal involving an alleged Chinese spy, its impact on Nvidia's AI ecosystem and more with Kanyi Maqubela of Kindred Ventures.
Directly affected
- NVDA Nvidia-8.4% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-15.5% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-19.8% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- FXI iShares China Large-Cap ETF-3.4% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from China.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in China
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.0% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from China.
- EEM iShares MSCI Emerging Markets ETF-2.9% 15d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes China
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| NVDA | +18.59% | +10.61% | base | +3.65% | after close | after close | after close |
| SMH | +4.28% | -4.14% | base | +4.60% | after close | after close | after close |
| SOXX | +2.68% | -6.81% | base | +5.57% | after close | after close | after close |
| QQQ | +2.50% | -2.74% | base | +1.99% | after close | after close | after close |
| FXI | +0.49% | +1.53% | base | -1.35% | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | +0.00% | after close | after close | after close |
| EMB | +0.39% | -0.03% | base | -0.12% | after close | after close | after close |
| EMLC | +0.35% | +0.04% | base | -0.39% | after close | after close | after close |
| EEM | +1.72% | -2.08% | base | +2.49% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela CNBC
Source: CNBC
Vaneck Etf Trust (SMH) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| CEW | that day | 0.00% | still updating |
| CEW | three days earlier | 0.00% | final price |
| CEW | five days earlier | 0.00% | final price |
| EEM | that day | +2.49% | still updating |
| EEM | three days earlier | -2.08% | final price |
| EEM | five days earlier | +1.72% | final price |
| EMB | that day | -0.12% | still updating |
| EMB | three days earlier | -0.03% | final price |
| EMB | five days earlier | +0.39% | final price |
| EMLC | that day | -0.39% | still updating |
| EMLC | three days earlier | +0.04% | final price |
| EMLC | five days earlier | +0.35% | final price |
| FXI | that day | -1.35% | still updating |
| FXI | three days earlier | +1.53% | final price |
| FXI | five days earlier | +0.49% | final price |
| Nvidia (NVDA) | that day | +3.65% | still updating |
| Nvidia (NVDA) | three days earlier | +10.61% | final price |
| Nvidia (NVDA) | five days earlier | +18.59% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | that day | +1.99% | still updating |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -2.74% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +2.50% | final price |
| Vaneck Etf Trust (SMH) | that day | +4.60% | still updating |
| Vaneck Etf Trust (SMH) | three days earlier | -4.14% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +4.28% | final price |
| Ishares Tr (SOXX) | that day | +5.57% | still updating |
| Ishares Tr (SOXX) | three days earlier | -6.81% | final price |
| Ishares Tr (SOXX) | five days earlier | +2.68% | final price |
Congressional trades in the stocks in this story
- Rep. Maria Elvira Salazar bought Nvidia (NVDA), worth $1,001 - $15,000 on 23 Oct 2026. That is 19 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Microsoft (MSFT) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 14 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 21 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 27 days before publication. Filed 2 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Alphabet (GOOGL) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 14 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 58 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 68 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 15 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 75 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Vaneck Etf Trust (SMH)
Companies mentioned with this story
- SMH Vaneck Etf Trust
In “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela,” Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
- SOXX Ishares Tr
In “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela,” Ishares Tr (SOXX) is linked, with no stored direction, medium confidence. Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
- QQQ Invesco Qqq Trust, Series 1
For “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- NVDA Nvidia
For “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story
- MSFT Microsoft
Microsoft (MSFT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela.” Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- AMZN Amazon Com
In “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- AVGO Broadcom
Broadcom (AVGO) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela.” Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story
Vaneck Etf Trust (SMH)
The 11 Nov 2026 story “Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela” names Vaneck Etf Trust (SMH) because of this story.
The link for Vaneck Etf Trust (SMH) is this: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story
Price levels for Vaneck Etf Trust (SMH)
QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.
How strong the case is around Vaneck Etf Trust (SMH)
46 out of 100Price not final
“Nvidia is like a central bank in its support of AI ecosystem: Kindred Ventures' Maqubela” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.