Tech stocks decline amid Nvidia drop, AMD warning, and broader sector selloff
· Business · Mashable, Economic Times
Nvidia shares fell approximately 12 percent on Thursday after Reuters reported the chipmaker faces U.S. export restrictions on its H20 AI chips to the Middle East. Advanced Micro Devices (AMD) warned that U.S. licensing requirements for its MI308 chips to China would create headwinds for its data center business. The selloff extended to other tech names, with SpaceX-linked venture capital activity also noted in sector-wide market jitters. Traders shifted focus to regulatory risks facing major semiconductor firms as AI spending concerns intensified.
Why it matters
Investors and tech workers face potential portfolio losses as the world's most valuable chipmakers confront new export controls that could limit billions in revenue from key markets.
Read the original report — Mashable
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