Nvidia stock falls as new US chip rules threaten business in China

📆 10/18/2023 7:38 AM
📰 YahooFinanceCA

⏱ Reading Time:
36 sec. here
2 min. at publisher
📊 Quality Score:
News: 18%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The Biden administration's new restrictions on AI chip distribution to China could hurt Nvidia's business overseas.

) to China. Nvidia stock fell nearly 5% on the news and slumped more than 2% in early trading on Tuesday.

Citi moved its 12-month price target down to $575 from $630 on the news but maintained a Buy rating on the chipmaker, citing "secular AI growth which remains in early innings."Nvidia's current quarter is set to end on Oct.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Alimentation Couche-Tard stock has a new growth plan in place, and I think it could help the stock surge even higher. The post Couche-Tard Has a New 5-Year Plan, and the Stock Could Soar appeared first on The Motley Fool Canada.National Bank of Canada and another financial stock look like a great value at current prices.

Write Comment

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:

United States United States Latest News, United States United States Headlines

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

Chip Stocks Shed $73 Billion After US Curbs Nvidia Sales to ChinaSemiconductor stocks slipped on Tuesday after the US announced sweeping updates to export curbs designed to block China’s access to advanced computer chips, changes that will restrict the sale of semiconductors that Nvidia Corp. designed specifically for the Chinese market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »