Home » Markets » Nvidia falls, jobless claims and more: Thursday's 5 things to know
Nvidia falls, jobless claims and more: Thursday's 5 things to know
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Here are the key events taking place on Thursday that could impact trading.
NVIDIA: Shares fell 6% in extended trading after U.S. officials ordered the company to cease exporting two of its top computing chips for artificial intelligence work to China, hampering a business that accounted for $400 million in sales in the current quarter.
Nvidia said the ban, which affects its A100 and H100 chips designed to speed up machine learning tasks, could interfere with the completion of developing the H100, the company's flagship chip announced earlier this year.
The announcement signals a major escalation of the technology tensions between the United States and China.
US REGULATORS TO VET ALIBABA, OTHER CHINESE FIRMS' AUDITS