Nvidia rebounds over 6% amid Jensen Huang Epstein-files controversy
Nvidia shares surged more than 6%, erasing the prior day's drop, even as Jensen Huang reportedly cited the Epstein files and calls for his resignation circulate.
What we know
Market news accounts report Nvidia up over 6% as investors buy the dip, fully erasing yesterday's decline. An AP report relayed by a markets commentator says Huang claimed he appears in the Epstein files to thwart further investigation (unconfirmed). Commentators say few in tech or Wall Street want him out and that only politicians are calling for resignation. Separately, a macro analyst notes Nvidia and memory have been losers since the midterms.
How the story developed
Nvidia shares surged more than 6%, erasing the prior day's drop, even as Jensen Huang reportedly cited the Epstein files and calls for his resignation circulate.
Lawmakers blocked a motion challenging Hegseth's Iran war conduct, while reports say the US pressures Iran rather than going to war or striking a deal, and major powers seek AI and nuclear understandings before APEC.
Nvidia shares fell about 7% as its board hired an outside lawyer to investigate CEO Jensen Huang's relationship with an alleged Chinese spy, and House Republicans weigh a subpoena.
Reports tie a woman linked to Jensen Huang to Nvidia chip shipments to China, including banned chips, and Nvidia's stock is under pressure. Several details are unconfirmed.
Nvidia shares dropped as a probe involving CEO Jensen Huang drew political attention. Fidelity also trimmed its stake.
Investors are rotating into defensive stocks amid fears the AI rally is over, and Nvidia has lost significant market value.
A report that Nvidia CEO Jensen Huang's alleged relationship aided chip shipments to China coincides with analyst cuts, a SoftBank AI-driven loss and a rotation out of AI stocks.
Nvidia is under pressure from allegations involving Jensen Huang and a reported inventory undercount tied to Megaspeed; China has denied the spy claim. Much of the story rests on unconfirmed social-media reports.
Nvidia is under pressure from a Bloomberg report on undercounted chip sales to Megaspeed, a shareholder lawsuit tied to an alleged Chinese spy, and calls for a China sales ban. The stock is reportedly oversold.
Trump posted questioning the election and voting machines. Jeffries is now a "hard yes" on impeaching Hegseth, and analysts see widening MAGA divisions after the midterms.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Nvidia surges over +6% as investors buy the dip”
View post →“JENSEN HUANG CLAIMS HE IS IN EPSTEIN FILES - AP”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.