Reported about 23 hours ago
Nvidia's stock experienced a decline of up to 3% after the Biden administration announced updated export regulations targeting artificial intelligence chips, particularly impacting sales to adversaries like China. The new rules limit exports of GPUs to a cap of 50,000 without a special license, while smaller orders remain exempt. Analysts have warned that these changes pose risks to Nvidia's sales, especially for data center GPUs, amid concerns from industry leaders about the rushed nature of this policy transition.
Source: YAHOO