
The Chip Dilemma: How New U.S. Export Restrictions to China are Shaking Wall Street
U.S. export restrictions, particularly on Nvidia’s H20 AI chip, disrupt semiconductor exports to China, causing market instability. Nvidia’s shares dropped 8.5%, triggering a wider 3% decline in the semiconductor sector, marking its seventh fall in eight weeks. Nvidia anticipates losing up to $5.5 billion in earnings due to these export constraints. Despite market instability, banks…