Nvidia Stock Tumbles As US Bans AI Chip Sales To China Clients: AMD Also Hit By New Export Rules

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The Street

By Martin Baccardax The U.S. government unveiled fresh restrictions on the sale of computing chips for artificial intelligence to China late Wednesday, heaping pressure on Nvidia and Advanced Micro Devices shares. Nvidia Corp. (NVDA) – Get NVIDIA Corporation Report shares fell sharply Thursday after the U.S. government ordered the chipmaker to stop exporting artificial intelligence components to clients in China. Nvidia said in Securities and Exchange Commission filing late Wednesday that the government has imposed new restrictions on the sale of its A100 and forthcoming H100 chips, which are …

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