Reported 1 day ago
Nvidia shares fell by 2% following the Biden administration's announcement of new export restrictions on advanced AI chips to countries like China, building on previous measures initiated under Trump. Expert Christopher Miller emphasizes that while Nvidia and other chipmakers oppose these regulations, the US aims to maintain its leadership in the AI chip market, noting that China's reliance on foreign AI chips underscores its position in the global tech landscape.
Source: YAHOO