China AI stocks tumble as Nvidia fallout fuels fears of tighter U.S. chip curbs Roushni Nair Fri, November 13, 2026 at 1:40 AM EST 2 min read NVDA -5.66% BABA -9.29% 2513.HK -11.89% 0100.HK -8.98% 0700.HK -3.01% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com -- Chinese artificial intelligence stocks came under renewed pressure on Friday as Nvidia's leadership crisis heightened fears that Washington could tighten restrictions on China's access to advanced AI computing.
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The selloff hit major developers including Z.AI, MiniMax, Tencent and Alibaba, as investors assessed the risk that they could lose access to Nvidia-powered processors through overseas data centres.
Nvidia shares fell as much as 14% on Thursday after co-founder Jensen Huang resigned, but dip-buyers narrowed the decline to 4.3% by the close.
The company confirmed that Chief Financial Officer Colette Kress would take over as interim CEO while its board searches for a permanent replacement. Nvidia shares slipped another 3% in extended trading.
Hong Kong-listed Z.AI plunged 10.88% and MiniMax dropped 8.73% in the latest market snapshot. Tencent fell 2.71%, while Alibaba declined 2.35% and Kuaishou Technology lost 3.91%.
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Hong Kong's Hang Seng slipped 0.9%, while mainland China's CSI 300 fell 0.1% and the Shanghai Composite edged up 0.2%, after mainland benchmarks had advanced over the previous three sessions.
The pressure reflects concern that Nvidia's turmoil could accelerate efforts in Washington to close a gap in existing export controls. Although the U.S. restricts direct exports of its most advanced AI processors to China, Chinese companies have been able to rent computing capacity remotely through overseas data centres.
Reuters reported that Chinese AI developers and cloud providers were seeking to secure Nvidia-powered capacity abroad, including through operators in Southeast Asia, amid fears that access could be restricted.
The controversy surrounding former Nvidia CEO Jensen Huang could also build support for the Remote Access Security Act, which would give the U.S. Commerce Department authority to regulate remote access to restricted technology through cloud services.
The pressure on developers contrasts with the recent strength in Chinese semiconductor shares. Domestic chipmakers rallied earlier this week as investors bet that tighter U.S. controls could accelerate China's efforts to build alternatives and reduce reliance on Nvidia.
SMIC gained 2.4% in Shanghai and 1.7% in Hong Kong, while Hua Hong Semiconductor rose 2.7% and chip equipment maker NAURA Technology advanced 3.1%. Cambricon also surged more than 11% and Moore Threads gained around 7% in Thursday's session.
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