Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Nvidia Slips 5% After U.S. Considers New AI Chip Export Restrictions

Daniel Kim Views  

Yonhap News Agency

On Tuesday, semiconductor stocks took a sharp hit on the New York Stock Exchange, with Nvidia, a leader in AI chips, seeing a nearly 5% drop.

The decline stemmed from reports that the U.S. government is considering new export limits on AI chips by country and a weaker-than-expected earnings forecast from Dutch chip equipment giant ASML.

Nvidia’s stock, which had briefly surpassed Apple’s market capitalization the previous day, fell by 4.69%, wiping out $158 billion in market value and further widening the gap with Apple. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip foundry and a key producer for Nvidia, also saw its stock dip by 2.64%.

Other major chip manufacturers, including AMD, Intel, Arm, Broadcom, and Micron, followed suit, with stock prices falling between 3.2% and 5%. This contributed to a nearly 5% decline in the Philadelphia SE Semiconductor Index, reflecting widespread concerns in the sector.

ASML’s stock plummeted 16% after the company projected 2025 revenue well below market expectations and accidentally released its earnings report ahead of schedule. The company’s performance has struggled due to delayed recovery in demand for chips outside the AI sector.

Bloomberg reported that U.S. officials are considering restricting AI chip exports to specific countries, primarily in the Persian Gulf region, over national security reasons. The U.S. fears that Middle Eastern nations might supply chips to China, which is banned from importing them.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    GLP-1 Drugs Like Ozempic Might Cut Cancer Risk Too, Study Finds

    LIFESTYLE 

  • 2
    New Brain Cancer Drug Taps Into the Body's Internal Clock

    LIFESTYLE 

  • 3
    How What You Eat Affects Your Mouth—And the Rest of Your Body

    LIFESTYLE 

  • 4
    Fatigue Fighters? Scientists Zero In on Hidden Energy Regulators

    LIFESTYLE 

  • 5
    Snoring May Be Hurting Your Memory More Than You Think

    LIFESTYLE 

Popular Now

  • 1
    Superfoods Gone Wrong: What Not to Overeat

    LIFESTYLE 

  • 2
    Stop Peeling Your Kiwi—Here’s Why You Should Eat the Skin

    LIFESTYLE 

  • 3
    Ovarian Cancer’s Hidden Threat? It’s in the Fluid, Not the Tumor

    LIFESTYLE 

  • 4
    New Study Says Everyday Plastic Could Be Wrecking Your Sleep

    LIFESTYLE 

  • 5
    Why Doctors Call Syphilis the Great Pretender

    LIFESTYLE 

Must-Reads

  • 1
    GLP-1 Drugs Like Ozempic Might Cut Cancer Risk Too, Study Finds

    LIFESTYLE 

  • 2
    New Brain Cancer Drug Taps Into the Body's Internal Clock

    LIFESTYLE 

  • 3
    How What You Eat Affects Your Mouth—And the Rest of Your Body

    LIFESTYLE 

  • 4
    Fatigue Fighters? Scientists Zero In on Hidden Energy Regulators

    LIFESTYLE 

  • 5
    Snoring May Be Hurting Your Memory More Than You Think

    LIFESTYLE 

Popular Now

  • 1
    Superfoods Gone Wrong: What Not to Overeat

    LIFESTYLE 

  • 2
    Stop Peeling Your Kiwi—Here’s Why You Should Eat the Skin

    LIFESTYLE 

  • 3
    Ovarian Cancer’s Hidden Threat? It’s in the Fluid, Not the Tumor

    LIFESTYLE 

  • 4
    New Study Says Everyday Plastic Could Be Wrecking Your Sleep

    LIFESTYLE 

  • 5
    Why Doctors Call Syphilis the Great Pretender

    LIFESTYLE 

Share it on...