President Trump reveals the FBI is investigating Nvidia CEO Jensen Huang over his affair with an alleged Chinese spy - sending shares in the AI darling lower as it sits out a Wall Street rally. The S&P 500 posts its best day since April, with chipmakers leading the charge, and investors asking whether we hit the bottom. In Europe, German chipmaker Infineon closes 2026 with its strongest quarter yet, and guides for a 20% jump in revenue next year. The CFO tells CNBC that, despite questions around AI valuations, there has been no slowdown in demand for chips or power. And in Japan, Softbank shares close up 14% - before revealing an eye-watering quarterly net loss of $7 billion.

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