Reported about 16 hours ago
Nvidia's stock fell alongside other chipmakers as a December jobs report dampened expectations for Federal Reserve rate cuts, compounded by impending export restrictions from the Biden administration on AI chips. With up to 40% of Nvidia's chips sold to China, concerns arise about the impact of these restrictions on U.S. economic competitiveness and innovation, as industry experts warn it may harm domestic companies while benefiting foreign suppliers.
Source: YAHOO