Nvidia (NVDA) Stock Drops on China Revenue Concerns and Market Weakness

TLDR Nvidia stock dropped 2.8% to $176.66 in premarket trading on Friday, matching broader market declines as S&P 500 futures fell 1.4% Chinese authorities have discouraged domestic customers from using Nvidia’s AI processors, causing China revenue to fall from 21% to 12% of global total Nvidia forecasts zero Chinese revenue for the current quarter, representing [...]

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