Nvidia stock falls after U.S. announces new restrictions on AI chip exports
Publishing timestamp: 2023-10-17 12:27:14
Summary
Nvidia and other chipmakers saw their shares fall due to new U.S. export restrictions on AI chips to China. The restrictions are a step up from previous ones implemented by the Biden administration. Nvidia expects a long-term dip in sales but does not anticipate an immediate financial hit.
Sentiment: NEGATIVE
Tickers: AVGO, INTC, NVDA, MRVL,
Keywords: breaking news: technology, breaking news: politics, technology, business news, nvidia corp, broadcom inc, marvell technology inc, intel corp, politics,