Reported 3 days ago
US stocks fell on Wednesday, primarily due to Nvidia revealing significant new restrictions on its chip exports to China. The S&P 500 dropped more than 1.1%, with the Dow Jones and Nasdaq following suit as investors grappled with uncertainty regarding trade policies and tariffs. Nvidia's stock lost over 5% after announcing it would incur $5.5 billion in charges due to the new US regulations, further escalating concerns within the tech sector.
Source: YAHOO