Shares of Nvidia (NASDAQ: NVDA) tumbled hard on Thursday, falling as much as 11.1%. The catalyst that sent the semiconductor specialist plunging was a federal government mandate restricting chip sales to China and Russia. In a regulatory filing that dropped late Wednesday, Nvidia revealed that the U.S. government had imposed a new licensing requirement on the company's high-end chips used for artificial intelligence (AI) systems and data centers, effective immediately, for any exports to China and Russia. Read More...
Shares of Nvidia (NASDAQ: NVDA) tumbled hard on Thursday, falling as much as 11.1%. The catalyst that sent the semiconductor specialist plunging was a federal government mandate restricting chip sales to China and Russia. In a regulatory filing that dropped late Wednesday, Nvidia revealed that the U.S. government had imposed a new licensing requirement on the company’s high-end chips used for artificial intelligence (AI) systems and data centers, effective immediately, for any exports to China and Russia.
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