Reported 3 days ago
US stock futures fell sharply, led by a significant drop in Nvidia's shares due to new export restrictions imposed by the US on chip sales to China. These regulations are seen as part of the ongoing trade tensions between the two nations, with Nvidia projecting $5.5 billion in charges and AMD estimating an $800 million impact. The broader semiconductor sector also experienced declines, raising concerns among investors about the future of tech stocks.
Source: YAHOO