New US Export Rules Limit AI Chip Sales to China and Russia, Sparking Investor selloff

New US export rules restrict sales of advanced AI chips to China, Russia, and other countries.

Companies like Nvidia, Intel, and Broadcom saw stocks drop as investors reacted.

The rules aim to limit these countries' ability to use AI tech for military purposes.

Nvidia and Intel had already redesigned chips to comply with earlier restrictions.

Despite the new rules, demand for AI tech will likely keep growing long-term, so investors shouldn't panic sell.