(MU) said last week it will build the largest semiconductor plant ever in the country in Clay, New York, just south of Syracuse. Nvidia in August said it stands to lose as much as $400 million in quarterly sales from new restrictions.Ĭhip makers have started ramping up investment in the U.S. giantsĪnd AMD, they also cut off significant potential for sales. While they may reduce competition for U.S. Find real-time NVDA - NVIDIA Corp stock quotes, company profile, news and forecasts from CNN Business. The restrictions come with chip companies already facing slowing global demand. Analysts said the moves are just the latest escalation in a tech Cold War between the U.S.

firms must stop supplying Chinese companies with equipment that make advanced chips unless they first obtain a license.īiden in the past has cited concern that advanced computing technologies could be used for military purposes. NVDA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.3 and -4.6, respectively, while the SPY returned -7.0 and -1.2, respectively. The company has a market cap of 288.49 billion, a PE ratio of 37. NVDA has underperformed the market in the last year with a price return of -43.9 while the SPY ETF lost -16.4. The stock has a 50 day moving average of 149.85 and a 200 day moving average of 173.61. action is designed to slow China’s technological advances and wrest back as much of the chip industry as possible onshore. Shares of NASDAQ:NVDA opened at 115.86 on Wednesday.

Other big China stocks fell on the negative sentiment. U.S.

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