BUZZ-Nvidia slips after report says US regulation on AI chip export imminent
Reuters01-10
BUZZ-Nvidia slips after report says US regulation on AI chip export imminent ** AI chipmaker Nvidia's NVDA.O shares fall 0.7% to $138.18 premarket
** Bloomberg News reported on Thursday that U.S. President Joe Biden is planning new restrictions on AI chips exports that could be announced as soon as Friday
** NVDA criticized the plan, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy
** Advanced Micro Devices AMD.O falls 1.7%, also weighed by a ratings downgrade by Goldman Sachs
** The declines come even as TSMC 2330.TW, the world's largest contract chipmaker, reported Q4 revenue that easily beat market forecasts
(Reporting by Sanchayaita Roy in Bengaluru)
((sanchayaita.roy@thomsonreuters.com))
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