Nvidia tumbles, leading chip stocks lower, on new US-China export restrictions

📆 17.10.2023 16:37:00
📰 startelegram

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

The U.S. tightened the rules that ban the export of key AI technologies to China, sending chip stocks sharply lower in early trading.

shares led U.S. chipmakers lower in early Tuesday trading after Trade Secretary Gina Raimondo unveiled expanded restrictions on the sale of advanced technologies to China.

The rules also address a loophole in the previous restrictions, which allowed Nvidia to sell its A800 and H800 semiconductors, by focusing on overall performance as opposed to the computing power of individual chips. "If China can’t buy from the United States, they’ll just build it themselves," Huang told the paper."So the US has to be careful. China is a very important market for the technology industry.”

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Schreibe Kommentar

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Netflix and Nvidia have been crossed off this firm's list for quality stocks.Critical information for the U.S. trading day
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »