Stocks retreat as US hits Nvidia chip export to China

Business

LONDON: European and Asian stock markets mostly retreated on Wednesday (Apr 16) after the United States government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies. Nvidia late on Tuesday notified regulators that it expects a US$5.5 billion hit this quarter owing to a new US licensing requirement on the chip it can legally sell in the Asian country. The company at the heart of helping to power artificial intelligence

Stocks retreat as US hits Nvidia chip export to China https://www.channelnewsasia.com/ - 16.04.2025 15:32
Stocks retreat as US hits Nvidia chip export to China https://www.channelnewsasia.com - 16.04.2025 15:30

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Stocks retreat as US hits Nvidia chip export to China https://www.channelnewsasia.com/ - 16.04.2025 15:32
Stocks retreat as US hits Nvidia chip export to China https://www.channelnewsasia.com - 16.04.2025 15:30