London, April 16, 2025 (AFP) - Stocks retreat as US hits Nvidia chip export to China

NAMPA / AFP

2025-04-16

European and Asian stock markets mostly retreated Wednesday after the US government imposed restrictions on exports of a key Nvidia chip to China, the latest trade war salvo between the world's biggest economies. Nvidia late Tuesday notified regulators that it expects a $5.5 billion hit this quarter owing to a new US licensing requirement on the chip it can legally sell in the Asian country. The company at the heart of helping to power artificial......

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