Market Reacts to Nvidia's Export Warning

In a startling premarket development, Nvidia, a titan in the artificial intelligence sector, witnessed a sharp 7% decline in its stock value. This downturn follows the company's alarming disclosure of an anticipated $5.5 billion sales loss, attributed to stringent new US tariff policies on high-tech exports to China.

Behind the Numbers

The grim forecast was detailed in a recent SEC filing, pinpointing Washington's latest restrictions on the sale of advanced US chips, including the H20 model, to Chinese markets as the primary culprit. By 4:10 am ET, Nvidia's shares had tumbled to $112.20, marking a significant moment for investors and the tech industry at large.