The chip war behind the Nvidia Jenson Huang scandal , from Dutch machines to dummy servers
Published . Updated .
Key takeaways
- Jensen Huang’s affair with a suspected spy has revived a decade-old fight over AI hardware.
- Exposed: NVDA
- Market reaction: price tracking starts with the next trading session.
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Jensen Huang’s affair with a suspected spy has revived a decade-old fight over AI hardware. Why a few companies decide it, and how chips may still reach China. | HT Explainers
Directly affected
- NVDA Nvidia-8.4% 30d
Named in this report.
Indirectly affected
- SMH VanEck Semiconductor ETF-16.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- SOXX iShares Semiconductor ETF-20.8% 30d
iShares Semiconductor ETF: it holds chipmakers. Linked by “chip” (semiconductors) in this story.
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) 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.
- EWN iShares MSCI Netherlands ETF
iShares MSCI Netherlands ETF holds stocks listed in the Netherlands, which this story is about (“dutch”).
- FXI iShares China Large-Cap ETF-5.1% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- ASML ASML Holding N.V-9.0% 12d
ASML Holding N.V (special industry machinery, with business in the Netherlands): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
- TSM Taiwan Semiconductor Manufacturing-9.5% 30d
Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chip” (semiconductors) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| NVDA | +15.63% | +1.65% | base | after close | after close | after close | after close |
| SMH | +6.39% | -8.41% | base | after close | after close | after close | after close |
| SOXX | +5.56% | -10.80% | base | after close | after close | after close | after close |
| ITA | +0.66% | -4.98% | base | after close | after close | after close | after close |
| QQQNo price data for this ticker | — | — | — | — | — | — | — |
| EWN | -1.32% | -2.80% | base | after close | after close | after close | after close |
| FXINo price data for this ticker | — | — | — | — | — | — | — |
| ASML | +2.58% | -10.15% | base | after close | after close | after close | after close |
| TSM | +4.13% | -9.33% | base | after close | 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.
Source: hindustantimes.com
The price since 10 Nov 2026: Nvidia (NVDA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| ASML | three days earlier | -10.15% | final price |
| ASML | five days earlier | +2.58% | final price |
| EWN | three days earlier | -2.80% | final price |
| EWN | five days earlier | -1.32% | final price |
| ITA | three days earlier | -4.98% | final price |
| ITA | five days earlier | +0.66% | final price |
| Nvidia (NVDA) | three days earlier | +1.65% | final price |
| Nvidia (NVDA) | five days earlier | +15.63% | final price |
| SMH | three days earlier | -8.41% | final price |
| SMH | five days earlier | +6.39% | final price |
| SOXX | three days earlier | -10.80% | final price |
| SOXX | five days earlier | +5.56% | final price |
| TSM | three days earlier | -9.33% | final price |
| TSM | five days earlier | +4.13% | 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 18 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 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Cleo Fields bought Nvidia (NVDA), worth $1,001 - $15,000 on 1 Oct 2026. That is 40 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 18 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 32 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 49 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 77 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 Nvidia (NVDA)
Companies carried with this story
- NVDA Nvidia
Nvidia (NVDA) is linked, with no stored direction, high confidence in the 10 Nov 2026 story “The chip war behind the Nvidia Jenson Huang scandal , from Dutch machines to dummy servers.” Reason on file: The reported development directly names NVIDIA CORPORATION in the headline; GA resolved that company to NVDA
Nvidia (NVDA) and the defense link
Nvidia (NVDA) is the company in “The chip war behind the Nvidia Jenson Huang scandal , from Dutch machines to dummy servers,” the 10 Nov 2026 Defense story.
For Nvidia (NVDA), the reason on file says The reported development directly names NVIDIA CORPORATION in the headline; GA resolved that company to NVDA
Dates in the story, and the Nvidia (NVDA) price range
NVDA traded between 200.92 and 239.08 across 20 sessions. The latest close on file is 206.56.
The defense score for Nvidia (NVDA)
14 out of 100
“The chip war behind the Nvidia Jenson Huang scandal , from Dutch machines to dummy servers” scores 14 out of 100. The score uses 1 sources, and 1 linked companies.