Nvidia stock tumbles over 8% to close at lowest level since September
Published On Mar 3, 2025, 4:04 PM
Nvidia's stock fell 8.7% to its lowest level since last September due to concerns over its AI chips reaching China, in potential violation of US export controls. Reports have emerged that Nvidia's Blackwell chips are being sold to China via third-party resellers. Additionally, Singapore is investigating Nvidia's customers for possible export violations. Analysts are increasingly worried that Nvidia may be negatively affected by stricter regulations on sales to China, despite the company's statements to the contrary.
Stock Forecasts
NVDA
Negative
Nvidia's recent stock drop is linked to regulatory concerns and potential violations affecting its AI business. The company faces scrutiny which may impact its revenue from China, a critical market. Given these circumstances along with broader tech sector declines, Nvidia's stock is likely to face continued downward pressure unless there are regulatory clarifications or positive operational updates.
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