Nvidia Stock Slides as Reports of Potential Chip Sale Restrictions to China Surface

Benzinga 2023-06-29

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Shares of Nvidia dropped 4.6% in premarket trading due to potential restrictions on the sale of AI training chips to China. US officials are also considering limitations on cloud services leasing to Chinese AI companies. Despite this, Nvidia remains a leader in AI development and holds a dominant market share in data center accelerator chips.

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