Nvidia Stock Drops on Reports of Expanded US Export Controls, Then Recovers
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Nvidia shares fell early Monday on reports of expanded US export controls on AI chips to China, but recovered.
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New restrictions could affect chips Nvidia recently designed to comply with existing limits on exports to Chinese firms.
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Nvidia gets nearly 20% of revenue from Chinese sales based on latest quarterly earnings.
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US reportedly will make it harder for Chinese companies to buy advanced AI-capable semiconductor chips.
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Move aims to broaden technical parameters of export restrictions to target chips Nvidia created to meet current guidelines.
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