Reported 7 days ago
Nvidia's stock experienced a drop of up to 2.8% in premarket trading as Chinese regulators reportedly discourage local firms from purchasing its AI chips, directing them to use domestic alternatives instead. The stock recovered slightly but still closed down 2.2%. This comes amidst ongoing trade tensions between the U.S. and China, affecting Nvidia's sales, which had previously relied significantly on the Chinese market.
Source: YAHOO