Nvidia ( (NVDA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Nvidia’s stock is experiencing a downturn due to new regulatory energy standards in China that discourage major companies like Alibaba, ByteDance, and Tencent from purchasing Nvidia’s H20 chips. These chips, which were designed to comply with U.S. regulations for export to China, may need adjustments to meet the new standards, potentially affecting their performance and competitiveness. Additionally, escalating U.S.-China trade tensions and new U.S. export controls on advanced AI chips are further limiting Nvidia’s market access in China, creating a challenging environment for the company.
More about Nvidia
YTD Price Performance: -10.12%
Average Trading Volume: 276,464,301
Technical Sentiment Signal: Hold
Current Market Cap: $2944.8B
For further insights into NVDA stock on TipRanks’ Stock Analysis page.
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