Nvidia Enters Bear Market As Google Strikes Amid Jensen Huang's China Spy Woes

Nvidia has fallen into a bear market, defined as a decline of at least 20% from its recent peak, as the company's board investigates an alleged China spy link involving CEO Jensen Huang while Google moves ahead with rival AI chips. The dual developments pressure the AI chip leader on both governance and competitive fronts, with Google's chip push threatening Nvidia's dominance in AI accelerators. The board probe adds uncertainty around leadership at a time when investors are already weighing intensifying competition in the AI hardware market. Traders will watch the outcome of the board investigation and any customer shifts toward Google's chips for signals on whether the selloff deepens or stabilizes.