Nvidia Stock Plummets as AI Chip Exports to China Face More Curbs
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Nvidia shares plummeted last week after more curbs imposed on exporting advanced AI chips to China.
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Nvidia's decline dragged down semiconductor and tech-focused ETFs like SMH, SOXX, and QQQ that have large holdings in the company.
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Nvidia stock has nearly tripled so far in 2023, making it the S&P 500's top performer.
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AIPI survey found most respondents disapprove of Nvidia selling high-performance chips to China.
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63% of respondents support antitrust efforts against Nvidia to prevent it from dominating the semiconductor market.
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