Nvidia suffers: US wants to stop chip shipments to China

by time news

2023-06-28 22:05:58

The geopolitical tension between the United States and China escalates. This Tuesday night it has been known that the US Department of Commerce is considering stopping chip exports to China in early Julyas published by The Wall Street Journal.

After this post, the american microchip manufacturing company Nvidia has registered falls close to 4% in operations prior to the opening of the market. This stoppage would be a hard blow for the Californian firm, since a fifth of the income comes from the Asian giant.

This tech company has become the star of the Nasdaq in 2023 and has recently managed to enter the exclusive team of companies with a capitalization of more than one trillion dollars. It has benefited from the rise of artificial intelligence (AI) and the emergence of tools like ChatGPT.

Nvidia’s shares are not the only ones that have registered falls. Also the titles of other companies such as Advanced Micro Devices y Micron Technology have suffered setbacks in the pre-opening of the US Stock Market.

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