Nvidia Enters Bear Market as Google Launches Rival AI Chips Amid Jensen Huang's China Spy Woes

Nvidia shares fell to about $177 on Monday, 26% below their October record, entering a bear market. Google unveiled two rival AI chips as a China spy scandal reached CEO Jensen Huang, according to BeInCrypto. Nvidia's board opened an inquiry Sunday after Huang acknowledged an affair with Alice Huang, whom U.S. intelligence reportedly suspected of spying for China; a probe into suspected smuggling of Nvidia chips to China via Megaspeed was referred to the Justice Department. Alphabet shares rose 2.4% toward $295. CryptoQuant's sentiment index hit a record low, but CEO Ki Young Ju said extreme bearishness can signal selling is ending; Nvidia's board findings and next earnings will test the potential-bottom view.