Shares of Nvidia fell overnight as investors weigh the potential impact that new restrictions on exports of AI chips to China would have on the stock.
Shares of Nvidia were under pressure as investors weigh the impact of potential new restrictions on exports of AI chips to China, but Wall Street is still upbeat on the stock. By Wednesday the stock was down by about 1% following a report from the Wall Street Journal that the Biden administration is considering further restricting sales of chips made by Nvidia and others, including Nvidia's A800 chips, which were specifically designed for China after a prior round of restrictions.
mountain Nvidia year-to-date Citi analysts also said they believe AI demand will exceed supply this year and that Nvidia "can move its chips around." Bank of America said strength from U.S. hyperscale customers "could soak up any additional product availability" and that ultimately China will probably represent less than 10% of what it sees as a more than $100 billion total addressable market for AI-related accelerator hardware.
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