Nvidia Shares Drop 8% as Singapore Arrests Three in AI Chip Export Probe

Nvidia shares fell nearly 8% on Monday, extending 2025 losses to 14%. The drop followed Singapore's detention of three people accused of misrepresenting the final destination of U.S.-made servers, which likely contained Nvidia’s AI chips. The arrests come amid rising concerns that Chinese firms, such as DeepSeek, have accessed Nvidia’s GPUs despite U.S. export controls. Nvidia reported that while Singapore accounted for 18% of its revenue, only 2% of its products were shipped there. Analysts warn a full China export ban could cost Nvidia up to $5 billion in annual revenue.