What’s Going On With Nvidia Stock Thursday?

Nvidia Corp (NASDAQ: NVDA) stock continues to witness a selloff since the U.S. launched a fresh export embargo on artificial intelligence chips ahead of schedule. According to analysts, China represented 20% – 25% of Nvidia’s data center revenues. CNBC’s Jim Cramer remains bullish on the chip designer’s coveted position in the AI realm, fueled by increasing demand from the likes of Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft Corp (NASDAQ: MSFT). Cramer expects the sanctions to intensify competition in the U.S., to the dismay of Advanced Micro Devices, Inc (NASDAQ: A…

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