Nvidia Stock Drops 6% Premarket as U.S. Limits Exports to China.
Late Wednesday, the chip maker said in a filing the U.S. government has informed the company it has imposed a new licensing requirement, effective immediately, covering any exports of Nvidia's A100 and upcoming H100 products to China, including Hong Kong, and Russia.
Nvidia's A100 are used in data centers for artificial intelligence, data analytics and high-performance computing applications, according to the company's website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments