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New U.S. export regulations hit NVIDIA, sending stock price down 8% instantly

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2023-10-18 11:49:011351browse

News on October 18, according to reports on October 17, Eastern Time, there was a selling wave of chip stocks in the U.S. stock market, especially the leading company Nvidia was hit hard. Within a day, Nvidia's stock price plummeted nearly 8%, and finally closed with a decline of 4.68%. The reason for this sudden drop is that the United States announced new export control regulations that day, focusing on artificial intelligence (AI) chips, and plans to restrict Nvidia and other companies from exporting advanced AI chips to China

Nvidia’s business in China has been affected There is a clear impact of the new regulations. According to the latest regulations, Nvidia chips including A800 and H800 will be affected. Although Nvidia has pledged to continue to comply with all applicable regulations and fully support thousands of application products in a variety of industries, this news still has a serious impact on its stock price

New U.S. export regulations hit NVIDIA, sending stock price down 8% instantly

Rewritten content: NVIDIA is a world-leading artificial intelligence computing company with a market value of US$1.09 trillion. However, with the implementation of new regulations, NVIDIA's business in China is facing unprecedented pressure. The new regulations will officially take effect 30 days after soliciting public opinions, so NVIDIA needs to pay close attention to policy trends and changes in market demand. NVIDIA said that they do not expect the new regulations to have a significant impact on its financial performance in the short term. However, in the long run, if export control measures are implemented, Nvidia may face a certain impact in the Chinese market, especially in the world's largest chip market. Nvidia will have to deal with competition and challenges from other competitors

Although the falling stock price poses certain challenges to Nvidia, the company's leading position in the field of artificial intelligence computing still cannot be ignored. Rewritten content: Although the decline in Nvidia’s stock price has posed certain challenges to the company, the company is still in a leading position in the field of artificial intelligence computing, which cannot be ignored

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