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0 -0.000875145857642974 0 -0.0042298716452743 -0.00160443407234538 -0.0011668611435239 -0.00525087514585763 -0.00160443407234538
Stock impact report

US stock futures drop, Nvidia tumbles on new curbs on chip exports to China [Yahoo! Finance]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Yahoo! Finance
on chip exports to China, fuelling worries about the fallout of an escalating trade war. The U.S. Commerce Department late Tuesday issued new export licensing requirements for Nvidia's H20, and AMD's MI308 artificial intelligence chips to China. Nvidia said it faces $5.5 billion in charges after the curbs on exports to China, a key market for one of its most popular chips. Shares of the heavyweight stock slumped 5.2% in premarket trading, while AMD shares lost 5.9%. Other chip stocks too lost ground, with Micron Technology down 3.5% and Broadcom falling 3.1%. Futures for Wall Street's main indexes fell across the board, with those tracking the tech-heavy Nasdaq 100 leading the declines. The new export controls are the newest attempt from the U.S. to keep advanced semiconductors from being sold to China, and the latest escalation of trade tensions between the world's two largest economies. Nvidia's warning highlighted the impact of the escalations on businesses, and re-fuel Show less Read more
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