Collateral Damage: NVIDIA shares drop after Chinese tech firms cancel orders worth $5 billion

NVIDIA Corporation experienced a significant decline in its valuation, of approximately 5 per cent, causing its stock to reach a nearly five-month low on Tuesday. This drop followed a report by The Wall Street Journal, indicating that the prominent artificial intelligence (AI) company may be compelled to terminate advanced chip orders to China valued at up to $5 billion.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.