Reported about 7 hours ago
Nvidia's shares fell 2.6% after reports emerged that China's regulators have instructed tech companies, including ByteDance and Alibaba, to halt testing and orders for Nvidia's RTX Pro 6000D chips. This move is part of China's broader strategy to reduce reliance on US semiconductors amidst rising AI competition. Nvidia's CEO, Jensen Huang, expressed disappointment but acknowledged the complexities of US-China relations while noting developments in China's domestic chip industry as local firms strive to meet AI needs.
Source: YAHOO