The chip maker's shares have fallen to their lowest level since September last year amid fears over levies and export curbs.
Nvidia: Blackwell Cements AI Dominance, Strong Buy (Rating Upgrade)
Dan Ives, Wedbush, joins 'Closing Bell Overtime' to talk the impact of today's TSMC news and tariffs on the semiconductor sector.
To get the latest market news check out finance.yahoo.com Nvidia (NVDA) stock fell as much as 5% early Monday as reports surfaced of the tech giant's AI chips reaching China despite export controls. The Wall Street Journal reported late Sunday that Nvidia's AI latest Blackwell chips are reaching China through third-party resellers using entities registered in nearby regions, in violation of export controls.
Nvidia shares fell nearly 9% on Monday after President Donald Trump confirmed that tariffs from Canada and Mexico will go into effect on Tuesday. The company's shares are now trading at the same price they were in September, before the U.S. presidential election.
Nvidia shares fell Monday, diving further into correction territory despite reporting stronger-than-expected headline earnings last Wednesday, as the artificial intelligence leader headlines broader stock market losses as investors reassess risks tied largely to President Donald Trump's tariffs.
AI stocks in general are taking a beating Monday, but some Nvidia-specific issues are also worrying investors.
Authorities in Singapore detained three people on charges of deliberately misrepresenting the final destination of U.S.-manufactured servers. The servers likely contained Nvidia's highly sought-after chips.
Nvidia (NVDA -8.14%) shares were dropping again to start the trading week, down nearly 9% as of 3:15 p.m. ET Monday.
Authorities in Singapore last week detained three individuals on charges of deliberately misrepresenting the final destination of U.S.-manufactured servers. The servers likely contained Nvidia's highly sought-after chips.
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's “Halftime Report” to explain why he's selling the high-flying chip stock.
Nvidia Corp shares tumbled over 7% on Monday after a report emerged that Chinese buyers were circumventing US export controls to get hold of its latest chips. Chinese traders were selling systems housing Nvidia's Blackwell chips by sourcing the products through third parties in nearby regions, The Wall Street Journal reported.