Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar.
This move, seen by some as a boost to China’s AI ambitions, comes amid broader national security concerns that are also delaying a multi-billion dollar AI chip deal between the U.S. and the United Arab Emirates, highlighting the increasingly complex geopolitical landscape impacting the semiconductor industry.
