Shares in Chinese artificial intelligence companies fell on Friday as investors weighed whether Jensen Huang’s resignation from Nvidia could make it harder for them to obtain advanced US chips. Nvidia closed 4.34 per cent lower on Thursday, wiping about US$180 billion off its market value in a single session.
Nvidia ended Thursday at US$166.19 a share, leaving it valued at about US$4.01 trillion. The one-day loss is estimated from the closing market value and share-price decline. Reuters Breakingviews put the broader loss at about US$1.3 trillion from the first reports in late October to trading on Thursday, a period that began well before the company confirmed Huang’s departure.
Chinese AI developers and suppliers come under pressure
Hong Kong-listed AI model developers Z.AI and MiniMax fell sharply on Friday amid concerns about access to advanced chips, Reuters reported. Mainland-listed data centre suppliers Zhongji Innolight and Eoptolink Technology also fell. Both rely heavily on US business, so their exposure extends to demand from American data centre customers.
Huang had pressed Washington to preserve Nvidia’s access to the Chinese market as the US tightened restrictions on exports of advanced AI processors. China and Hong Kong accounted for about 7 per cent of Nvidia’s revenue in the first six months of its current financial year, according to Reuters Breakingviews.
Export policy remains in focus
Nvidia confirmed in a Chinese-language announcement that Huang had stepped down as president, chief executive and a director with immediate effect. Finance chief Colette Kress took over as interim chief executive while the board searches for a permanent successor.
Friday’s share moves reflected concern about what might happen to US export policy. For Chinese AI developers, the practical question is which processors Washington will allow Nvidia to sell and whether those chips can meet their computing needs.
NewsHub Finance | China | 13 November 2026
Shares in Chinese artificial intelligence companies fell on Friday as investors weighed whether Jensen Huang’s resignation from Nvidia could make it harder for them to obtain advanced US chips. Nvidia closed 4.34 per cent lower on Thursday, wiping about US$180 billion off its market value in a single session.
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