NVIDIA stock has dropped by over 5% in the pre-market trading hours today after the US government ordered both Nvidia (NVDA) and AMD (AMD) to stop selling some of their technology that can be used for artificial intelligence to China.
The move to halt exports of AI chips to China is a major setback for the company whose stock has been on the decline since the end of March. NVIDIA stock has lost 35.71% in the last six months.
According to a regulatory filing made by Nvidia, the move to halt exporting chips to China will upset $400 worth of business for the company; something that is expected to adversely affect the company’s revenue.
To help stock investors interested in investing in Nvidia stock, Invezz has created a brief article on what it is and where to buy it.
To find out more, please continue reading.
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