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Benzinga
Benzinga
World
Shanthi Rexaline

Nvidia, AMD Shares Tumble As US Slaps Export Curbs on Top AI Chips To China: What's At Risk Here?

Nvidia AMD Nasdaq China United States Advanced Micro Devices NVDA NVIDIA Corporation

Shares of Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) came under significant pressure late Wednesday following news that the chipmakers were slapped with certain chip export restrictions to China.

What Happened:  Nvidia was informed by the U.S. government on Aug. 26 about a new license requirement for future exports of A100 and the forthcoming H100 chips to China, including Hong Kong, and Russia, the chipmaker revealed in a filing late Wednesday.

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