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Why Nvidia Stock Just Dropped

TheMotleyFool

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Why Nvidia Stock Just Dropped: https://g.foolcdn.com/editorial/images/870225/trade-war-depicted-as-two-swinging-container-shipping-boxes-with-us-and-china-flags-crashing-into-each-other.jpg

Easy come, easy go.

Shares of AI superstar Nvidia (NASDAQ: NVDA) stock touched a new all-time high on Thursday after reports from the Trump-Xi summit in China confirmed the U.S. will permit Nvidia to sell H200 artificial intelligence chips to as many as 10 Chinese companies.

Now new reports are filtering out -- and according to these, despite receiving permission to sell, no actual sales of H200 chips were made. Nvidia stock dropped 4% through 10:05 a.m. ET on the news.

Source Fool.com

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