Nvidia shares are trading lower amid reports of the U.S. planning to revise its export controls on AI chips to limit China's access to advanced technologies with military applications.
Portfolio Pulse from Benzinga Newsdesk
Nvidia shares are trading lower due to reports of the U.S. planning to revise its export controls on AI chips, which could limit China's access to advanced technologies with military applications.
June 28, 2023 | 9:54 am
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Nvidia's stock price is falling due to potential changes in U.S. export controls on AI chips, which could limit their market in China.
The U.S. is planning to revise its export controls on AI chips, which could limit China's access to these technologies. As Nvidia is a major producer of these chips, this could significantly impact their business in China, leading to a decrease in their stock price.
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