Nvidia Stock Drops. AI Chip Exports to China Are Under Threat: Report

📆 10/16/2023 9:46 AM
📰 MarketWatch

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Nvidia shares were falling early Monday following a report the chip maker could face further restrictions on exports of its artificial-intelligence chips to...

Nvidia shares were falling early Monday. The chip maker could face further restrictions on exports of its artificial-intelligence chips to China.

One concern that has been holding the stock back is that tensions between the U.S. and China could limit Nvidia’s exports, despite the company designing less-powerful chips for the Chinese market as a work around. Nvidia, and The U.S. Department of Commerce, which oversees export controls, didn’t immediately respond to requests for comment early on Monday.

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