Nvidia shares fell 18.42% in November through Tuesday afternoon, erasing all their gains for the year. The stock traded at $166.95, roughly 10.5% below its year-end 2025 close and 31.4% below its recent peak of $243.37. House Foreign Affairs Committee Chairman Brian Mast threatened to subpoena CEO Jensen Huang if he does not respond by November 11 to a request for a closed-door briefing. Nvidia’s board opened an independent investigation, shareholders filed a class-action lawsuit, and U.S. authorities examined alleged links between the company and a former Megaspeed executive. Google also introduced new artificial intelligence chip configurations while OpenAI considered purchasing its tensor processing units, intensifying competition for Nvidia ahead of its November 17 quarterly earnings report.
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