Nvidia Falls Amid Meeting With Chinese Officials And US Export Restrictions Concerns

Benzinga 2024-11-26

Views 24

Nvidia Corporation experienced a drop on Monday following news that Jay Puri, NVIDIA’s Executive Vice President, met with China’s Vice Commerce Minister. The meeting underscores China’s importance as a key market for the company, with Minister Wang encouraging deeper business ties. The stock slide comes amid heightened concerns over potential US restrictions on China’s semiconductor industry, with new export controls possibly affecting up to 200 Chinese chip firms. Investors are factoring in risks that add to market uncertainty, with NVIDIA facing the challenge of meeting high revenue growth expectations amid growing demand for its chips.

Share This Video


Download

  
Report form