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(Bloomberg) Nvidia Corp. shares are extending gains for a 10th consecutive session, and are on pace for their longest streak of advances since a record-setting dash in December 2016, as the world’s most valuable chipmaker announced updates to its artificial intelligence processors. Most Read from BloombergBiden, Xi to Announce China’s Crackdown on Fentanyl TradeThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Yields Tumble After CPI Surprise: Markets WrapRolex, Pate
(Bloomberg) Nvidia Corp. suffered its worst stock decline in more than two months after the Biden administration stepped up efforts to keep advanced chips out of China, a campaign that includes restricting the company’s sale of processors designed specifically for the Chinese market.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameBiden Sees ‘Other Team’ and Not Israel Behind Hospital BlastIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasur