Tech Stocks Tumble After Nvidia Discloses Chip Export Restrictions
- Miguel Virgen, PhD Student in Business
- May 5, 2025
- 6 min read
The technology sector faced a steep decline on Wednesday following a major disclosure from Nvidia, the world’s leading artificial intelligence chipmaker. The company revealed it expects to take a $5.5 billion charge in the current quarter due to U.S. government restrictions on the export of its H20 AI processors to China and other regions. This announcement sent ripples across the broader stock market, dragging down tech stocks and reigniting fears about the intensifying tech war between the United States and China.
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