Nvidia denies rumours it will cut supplies to China
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Nvidia has denied rumors circulating on social media that it plans to cut supplies to China. The company clarified this through a post on Chinese social media, stating that the allegations are false.
December 12, 2024 | 11:30 am
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Nvidia has officially denied rumors about cutting supplies to China, which could reassure investors concerned about potential disruptions in the company's supply chain and market access.
The denial of rumors by Nvidia about cutting supplies to China is significant as it addresses potential investor concerns about supply chain disruptions and market access. However, since the news is a denial of a rumor rather than a new development, the immediate impact on stock price is likely neutral.
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IMPORTANCE 70
RELEVANCE 100