Nvidia Stock Plunges on New US Export Rules Threatening China Revenue, Wiping Out $180 Billion in Value

Nvidia stock surged in recent months but plunged this week due to new US export rules that threaten the company's China revenue.

Nvidia gets about 20% of its revenue from China, so the export restrictions are a significant threat.

The stock is still up strongly for the year, but has shed $180 billion in market value from its late August peak.

Wall Street analysts remain overwhelmingly bullish on Nvidia despite the volatility and new export rules.

Nvidia's flagship graphics card was caught up in the US export ban, more than doubling its price for Chinese gamers.