China urges local companies to stay away from Nvidia AI chips – report
globalreutersSeptember 27, 20241 Mins read Bloomberg is out with a report saying China is ramping up pressure on domestic companies to use domestic chip products rather than Nvidia chips.
Shares of Nvidia are down 3.5% and at a session low and weighing on the broader market. The Nasdaq is now down 0.6%.
The thing is, this exact same story was out in May.
This article was written by Adam Button at www.forexlive.com.
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