Nvidia tanks 7% on China chip smuggling report
Portfolio Pulse from
Nvidia shares fell over 7% following a report that Chinese buyers are bypassing US export controls to acquire its latest chips. The Wall Street Journal reported that Chinese traders are obtaining Nvidia's Blackwell chips through third parties in nearby regions.
March 03, 2025 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nvidia's stock dropped over 7% due to reports of Chinese buyers circumventing US export controls to acquire its latest chips. This raises concerns about regulatory compliance and potential impacts on sales.
The report of Chinese buyers circumventing US export controls directly impacts Nvidia's regulatory compliance and could affect its sales in China, leading to a significant drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100