Nvidia's Huang Ouster Reshapes Chip Wars: Winners and Losers in the US-China Tech Battle

The ouster of Nvidia founder Jensen Huang, tied to a personal scandal and possible espionage case, is reshaping U.S. tech and political dynamics, with rivals and anti-China hawks celebrating while the company's stock plunges. AMD and Broadcom gained on Wall Street as Nvidia lost over 12% in early trading, erasing more than $550 billion in market value since Sunday. The Commerce Department is finalizing rules to block Chinese firms from remotely using U.S. chips in data centers abroad, extending restrictions to seven nations. Anthropic CEO Dario Amodei has backed a harder line on China exports, comparing advanced chip sales to selling nuclear weapons to North Korea. Chinese GPU makers Moore Threads, MetaX, and Cambricon saw gains near 10%, betting U.S. restrictions will boost domestic alternatives.