Global chip stocks slide as Nvidia warns of big hit from US export curbs
Written by Black Hot Fire Network on April 16, 2025
(Reuters) - Global chip stocks slumped on Wednesday after Washington curbed exports of an AI chip Nvidia had tailored for China, further cutting off the crucial growth market for semiconductors in a move that will cost the AI pioneer $5.5 billion in charges.
Nvidia (NVDA) said the charges it would incur is a result of U.S. restricting the . . .
