Geopolitics Alpha

U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention

Published . Updated .

Key takeaways

  • An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I.
  • Exposed: SMH, SOXX, EWS, NVDA, AVGO
  • Market reaction: SOXX +13.8% after two sessions; SMH +9.4% after two sessions; AMD +23.5% after two sessions

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Get these market calls by email

The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.

Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.

SEMICONDUCTORSU.S. Commerce Dept. Inquiry IntoMegaspeed Was Halted After NvidiaInterventionNVDAGEOPOLITICS ALPHA

An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I. chips, was transferred to the Justice Department after a top Nvidia executive reached out to Commerce Department officials.

Directly affected

  • NVDA Nvidia-8.0% 30d

    Named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF-15.4% 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.

  • EWS iShares MSCI Singapore ETF

    iShares MSCI Singapore ETF holds stocks listed in Singapore, which this story is about (“singapore”).

  • ASML ASML Holding N.V-13.3% 10d

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing-10.3% 30d

    Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AVGO Broadcom-5.4% 30d

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

  • AMD Advanced Micro Devices-15.8% 30d

    Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NVDA+8.30%+7.21%base-4.60%-9.60%-6.88%after close
SMH+9.57%+8.79%base+5.09%+4.32%+9.38%after close
SOXX+10.81%+10.19%base+7.55%+7.31%+13.85%after close
EWS+1.71%+2.80%base+2.20%+2.02%+2.40%after close
ASML+7.09%+5.03%base+6.21%+5.85%+7.71%after close
TSM+6.26%+5.43%base+3.61%+5.69%+10.16%after close
AVGO+9.89%+10.98%base+8.91%+13.18%+17.76%after close
AMD+4.31%+9.22%base+13.68%+15.11%+23.54%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.

An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia A.I. chips, was transferred to the Justice Department after a top Nvidia executive reached out to Commerce Department officials.

Source: The New York Times

Vaneck Etf Trust (SMH) since this story, compared with the market

CompanyWhenMoveStatus
Advanced Micro Devices (AMD)that day+13.68%final price
Advanced Micro Devices (AMD)the next day+15.11%final price
Advanced Micro Devices (AMD)two days later+23.54%final price
Advanced Micro Devices (AMD)three days earlier+9.22%final price
Advanced Micro Devices (AMD)five days earlier+4.31%final price
Asml Holding (ASML)that day+6.21%final price
Asml Holding (ASML)the next day+5.85%final price
Asml Holding (ASML)two days later+7.71%final price
Asml Holding (ASML)three days earlier+5.03%final price
Asml Holding (ASML)five days earlier+7.09%final price
Broadcom (AVGO)that day+8.91%final price
Broadcom (AVGO)the next day+13.18%final price
Broadcom (AVGO)two days later+17.76%final price
Broadcom (AVGO)three days earlier+10.98%final price
Broadcom (AVGO)five days earlier+9.89%final price
Ishares (EWS)that day+2.20%final price
Ishares (EWS)the next day+2.02%final price
Ishares (EWS)two days later+2.40%final price
Ishares (EWS)three days earlier+2.80%final price
Ishares (EWS)five days earlier+1.71%final price
Nvidia (NVDA)that day-4.60%final price
Nvidia (NVDA)the next day-9.60%final price
Nvidia (NVDA)two days later-6.88%final price
Nvidia (NVDA)three days earlier+7.21%final price
Nvidia (NVDA)five days earlier+8.30%final price
Vaneck Etf Trust (SMH)that day+5.09%final price
Vaneck Etf Trust (SMH)the next day+4.32%final price
Vaneck Etf Trust (SMH)two days later+9.38%final price
Vaneck Etf Trust (SMH)three days earlier+8.79%final price
Vaneck Etf Trust (SMH)five days earlier+9.57%final price
Ishares Tr (SOXX)that day+7.55%final price
Ishares Tr (SOXX)the next day+7.31%final price
Ishares Tr (SOXX)two days later+13.85%final price
Ishares Tr (SOXX)three days earlier+10.19%final price
Ishares Tr (SOXX)five days earlier+10.81%final price
TSMthat day+3.61%final price
TSMthe next day+5.69%final price
TSMtwo days later+10.16%final price
TSMthree days earlier+5.43%final price
TSMfive days earlier+6.26%final price

Trades by members of Congress and officials in the stocks in this story

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 carried with this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

  • SOXX Ishares Tr

    In “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” 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

  • EWS Ishares

    In “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” Ishares (EWS) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Singapore ETF holds stocks listed in Singapore, which this story is about (“singapore”)

  • NVDA Nvidia

    In “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” 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

  • AVGO Broadcom

    For “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” Broadcom (AVGO) is linked, with no stored direction, medium confidence. Reason on file: Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • AMD Advanced Micro Devices

    For “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” Advanced Micro Devices (AMD) is linked, with no stored direction, medium confidence. Reason on file: Advanced Micro Devices (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

  • ASML Asml Holding

    In “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “nvidia” (semiconductors) in this story

Vaneck Etf Trust (SMH) and the semiconductors link

Vaneck Etf Trust (SMH) is the company in “U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention,” the 9 Nov 2026 Semiconductors story.

What ties Vaneck Etf Trust (SMH) to the headline is this: VanEck Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

Ishares Tr (SOXX) is here too. Its reason reads: iShares Semiconductor ETF: it holds chipmakers. Linked by “nvidia” (semiconductors) in this story

What this semiconductors story puts on the calendar

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.

What the saved facts support for Vaneck Etf Trust (SMH)

46 out of 100

“U.S. Commerce Dept. Inquiry Into Megaspeed Was Halted After Nvidia Intervention” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.