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Nvidia (NVDA) Plunges as China Bans Foreign AI Chips in State-Funded Data Centers

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The Story

News Summary

  • China mandates state-funded data centers to use only domestic AI chips, sidelining Nvidia and bolstering local manufacturers amid U.S.-China tech tensions, significantly harming Nvidia's China market share and revenue prospects.
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NVDA price history

218.29 +23.05% over the displayed period

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