Reported about 1 month ago
Nvidia's stock fell more than 5% on Tuesday, retracting from a record high, following reports that the Biden administration is considering capping chip exports to certain countries for national security reasons. This news, combined with disappointing earnings from semiconductor equipment supplier ASML, contributed to a 4.4% decline in the PHLX Semiconductor index. Although Nvidia shares remain up 186% from last year, concerns about potential slowdowns in AI spending and geopolitical risks loom as the company prepares to report its earnings on November 19.
Source: YAHOO