Nvidia Shares Drop on US Export Restrictions

Nvidia (NASDAQ:NVDA) stock has been impacted by the U.S. government's decision to limit advanced chip exports to China, dropping more than 2% pre-market today after a 4.7% decrease on Tuesday. The company mentioned in a filing that these export limitations could delay product development and disrupt existing customer support. Consequently, Nvidia might consider relocating certain operations.

While the immediate financial impact isn't expected, the U.S. has targeted Nvidia's A800 and H800 series, which cater to the Chinese market. Recent order surges from China suggest a strategic effort to stock up on these chips before the restrictions take effect.