Donald Trump backed Nvidia chief Jensen Huang while confirming that the FBI is investigating another aspect of the case involving Alice Huang, a former Megaspeed International executive and major buyer of Nvidia chips. Nvidia closed down 4.3 % after opening nearly 5 % lower, while the Nasdaq gained 2.75 %; the company’s market capitalization fell by roughly $200 billion over the session. Nvidia says allegations that chips were diverted to China were thoroughly examined and refuted, while Beijing denies the espionage claims. Taking advantage of its rival’s weakened position, Google unveiled the eighth-generation TPU 8tx and 8i Max, two systems designed for AI agents, without disclosing pricing or availability. Nvidia is due to report quarterly results on November 17 before a closed-door hearing requested by Republican lawmakers on November 18.
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