Business
Nvidia shares fall after US restricts exports of AI chips to China
Market Movers summarized recent reactions from investors and analysts to Nvidia after the U.S. Commerce Department announced Tuesday that it plans to restrict exports of some artificial intelligence chips to China, including Nvidia’s H800 chips. Additionally, the announcement caused several other semiconductor stocks to decline. These names include Broadcom, Marvell Technology, Advanced Micro Devices and Intel. Nvidia ended the trading session down 4.7% and is currently held in Jim Cramer’s Charitable Trust portfolio.
