On Wednesday night, NVIDIA surprised investors with an unexpected warning – up to $400 million in sales will be lost this quarter. This is due to new licensing requirements between the US and China, which will require (NVDA) to get a special government license before it can sell certain cutting-edge semiconductors in China. The same regulations will affect its high-tech chip rival, Advanced Micro Devices (AMD). As a result, both stocks are down 11.6% and 6.96% today respectively.
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