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Why Nvidia Stock Is Plummeting Today

TheMotleyFool

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Shares of Nvidia (NASDAQ: NVDA) are falling on Monday. The company's stock lost 4.5% as of noon ET, but was down as much as 5.3% earlier in the day. The drop comes as the S 500 (SNPINDEX: ^GSPC) slipped 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.4%.

A report released Sunday by The Wall Street Journal revealed that despite strict U.S. export restrictions, Nvidia's latest chips are finding their way into China.

Since 2022, the U.S. has sought to keep the best artificial intelligence (AI)-powering chips from entering the Chinese market. Nvidia, the undisputed market leader, is barred from selling the latest versions of its chips to Chinese companies.

Source Fool.com

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