Reported about 8 hours ago
Nvidia's stock experienced an 8.7% drop on Monday, closing at its lowest price since September, amid reports of its AI chips being illegally sold in China despite existing export controls. The decline was exacerbated by investigations into its customers, Dell and Super Micro, over potential violations related to shipments from Singapore. Analysts are expressing growing concerns about further restrictions impacting Nvidia's sales to China, while recent earnings reports indicate that revenue from their latest AI server systems has been strong.
Source: YAHOO