(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
The latest regulations, announced Tuesday, also limit exports to two Chinese artificial intelligence chip firms that are seen as rivals to US-based Nvidia.
Chip Stocks Shed $73 Billion After US Curbs Nvidia Sales to China bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.