The image is not a problem. That image has existed for months already. The problem is that Huang lost the tenuous protection that Trump and Lutnick agreed to give him so he could avoid jail. On that basis, investors are now scared the company might suddenly be under investigation for export violations.

https://www.axios.com/2026/11/11/trump-lutnick-nvidia-china-...

https://www.businessinsider.com/trump-administration-jail-le...