Nvidia Stock Slides. What's Weighing on the Chip Maker

Dow Jones06-02

Nvidia stock was sliding on Monday, as investors digested fresh trade tension.

Shares in the chip maker fell 0.94% to $133.86 ahead of the opening bell. It wasn't immediately clear what was dragging down the stock, but one factor could be investor jitters about a flare-up in trade tensions between China and the U.S.

China's Ministry of Commerce said that the White House had "severely undermined" the consensus reached at the Geneva trade talks, days after President Donald Trump said that China "has totally violated its agreement" with Washington.

If the world's two largest economies aren't able to broker a trade deal, that could dent Nvidia's bottom line. In April, Trump effectively banned sales of the company's advanced H20 chips to China. Last month, CEO Jensen Huang called the measures "a failure" and said they would hit sales by about $15 billion.

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