NVDA is trading at $176.93 (-3.04%) in pre-market following reports that U.S. officials are considering a 75,000-unit cap on H200 AI chip sales to Chinese tech giants.
- The proposed export limit falls significantly below the procurement targets of major Chinese firms, reigniting concerns over long-term revenue growth in the region.
- Broader market sentiment remains bearish as the NASDAQ drops 2% amid escalating Middle East tensions and potential oil supply disruptions in the Strait of Hormuz.