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Alibaba Shares Drop 7% as Nvidia Saga Triggers Chip Access Fears

Bloomberg Markets Thursday 12 November 2026, 07:00 UTC By Jeanny Yu 1 min read
Key Points

Alibaba Shares Drop 7% as Nvidia Saga Triggers Chip Access Fears Chinese artificial intelligence stocks tumbled on concerns that cloud operators’ access to advanced chips may face tighter US scrutiny amid the escalating espionage and leadership controversy surrounding Nvidia Corp. Alibaba Group Holding Ltd. slumped as much as 7.1% to lead losses on the Hang Seng Tech Index. The Chinese Internet giant rents Nvidia chips through Singapore-based Megaspeed International — the firm whose founder...

Alibaba Shares Drop 7% as Nvidia Saga Triggers Chip Access Fears Chinese artificial intelligence stocks tumbled on concerns that cloud operators’ access to advanced chips may face tighter US scrutiny amid the escalating espionage and leadership controversy surrounding Nvidia Corp. Alibaba Group Holding Ltd. slumped as much as 7.1% to lead losses on the Hang Seng Tech Index. The Chinese Internet giant rents Nvidia chips through Singapore-based Megaspeed International — the firm whose founder is suspected of working for Chinese intelligence. Peers across the AI ecosystem followed lower, with model developers Z.AI Co. and MiniMax Group Inc. sliding at least 7% each.
Alibaba (ORG) Nvidia (ORG) Chinese (ORG) US (LOCATION) Nvidia Corp. (ORG) Alibaba Group Holding Ltd. (ORG) the Hang Seng Tech (ORG) Singapore (LOCATION) Megaspeed International (ORG) Z.AI Co. (ORG) MiniMax Group Inc. (ORG)
Originally published by Bloomberg Markets Read original →

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