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. Investors don't like the idea that their 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...