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Nvidia (NVDA) stock rebounded on Wednesday as the overall chip sector surged on the heels of CoreWeave's (CRWV) better-than-expected quarterly results. Nvidia shares rose for the first time since CEO Jensen Huang admitted to an affair with a woman suspected of being a Chinese spy, rising roughly 5% after two straight days of declines. A company board investigation, increased scrutiny from lawmakers and questions over whether restricted semiconductors were diverted to China have weighed on the stock in recent sessions. Even with the bounce, Nvidia is down about 14% in November and has lost about $700 billion in market value. The rally also came despite a downgrade on the stock from Baird to Neutral.
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