Changes in US stocks | US plans to increase restrictions on AI chip exports, Nvidia (NVDA.US) falls by more than 4%

The Zhitong Finance App learned that after approaching a record high yesterday, Nvidia (NVDA.US) rapidly weakened shortly after opening. As of press release, it fell 4.13% to $132.37. In addition, AMD.US (AMD.US) also fell more than 5% to $156.89. According to the news, according to people familiar with the matter, Biden administration officials have discussed restricting sales of advanced artificial intelligence chips from Nvidia (NVDA.US) and other US companies according to specific countries. This move will limit artificial intelligence capabilities in some countries.

People familiar with the matter said that the review is still in its early stages and is still uncertain, but in recent weeks, the idea has received support. The policy will be built on a new framework to simplify the licensing process for shipping AI chips to data centers in places such as the United Arab Emirates and Saudi Arabia. Commerce Department officials announced these regulations last month and said more regulations will be introduced.