Nvidia Hit With Fresh China Export Curbs
Photographer: David Paul Morris/Bloomberg
Good morning. The US sets limits on Nvidia’s chip exports. Trump presses China to make a deal. And ultra-luxury ships are redefining ocean travel. Listen to the day’s top stories.
Nvidia’s shares sank postmarket after the US barred it from selling its H20 chips to China, a move the company said will cost it $5.5 billion. The announcement led to a broad selloff in chip firms from the US to Japan. Advanced Micro Devices, which competes with Nvidia in the AI market, also slumped.