Nvidia Stock Tumbles as U.S. Tightens Restrictions on AI Chip Exports to China

The Biden administration is tightening its restriction on exports of artificial intelligence chips to China.

Nvidia stock was sinking Tuesday after the Biden administration said it would be tightening its restriction on exports of artificial intelligence chips to China.

The Commerce Department told reporters on Tuesday that it would be constricting exports of AI chips, and make it more difficult for companies like Nvidia to sell their products to China, according to The Wall Street Journal. The Commerce Department didn’t immediately respond to a request for comment from Barron’s.This is breaking news. Please come back for more updates and analysis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Manchester United stock tumbles as Sheikh Jassim withdraws bidManchester United stock tumbles as Sheikh Jassim withdraws bid
Read more »

Biden to cut China off from more Nvidia chips, expand curbs to more countriesThe Biden administration said on Tuesday it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a suite of measures aimed at stopping Beijing from getting cutting-edge U.S. technologies to strengthen its military.
Read more »

U.S. curbs export of more AI chips, including Nvidia H800, to ChinaThe U.S. government says the new rules are intended to close loopholes that popped up after last year’s restrictions on AI chip exports went into effect.
Read more »

U.S. curbs export of more AI chips, including Nvidia H800, to ChinaThe U.S. government says the new rules are intended to close loopholes that popped up after last year’s restrictions on AI chip exports went into effect.
Read more »

Week 7 Trades: Stock Up, Stock DownWhile Travis Etienne has been a hot fantasy commodity, a trio of prized receivers are causing stress.
Read more »

Apple stock falls on reports Huawei gaining bigger-than-expected market share in ChinaApple stock falls on reports Huawei gaining bigger-than-expected market share in China
Read more »