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    Home - Technology - US markets fall as AI chipmakers mourn new restrictions on China exports

    US markets fall as AI chipmakers mourn new restrictions on China exports

    US markets fall as AI chipmakers mourn new restrictions on China exports

    US markets fall as AI chipmakers mourn new restrictions on China exports

    • WTX News Editor
    • April 17, 2025
    • 1:37 am
    • No Comments

    Cliff Notes – US markets fall

    • US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
    • Nvidia forecasted a $5.5 billion impact due to licensing requirements for its H20 chip, while AMD anticipated a $800 million charge for its MI308 chip.
    • The ongoing trade tensions with China, driven by tariffs and export controls, are intensifying economic concerns, with the central bank warning of slower growth and rising inflation.

    US markets fall as AI chipmakers mourn new restrictions on China exports

    US stock markets suffered more significant losses on Wednesday, with stocks in leading AI chipmakers slumping after firms said new restrictions on exports to China would cost them billions.

    Nvidia fell 6.87% – and was at one point down 10% – after revealing it would now need a US government licence to sell its H20 chip.

    US tariffs - UK-US trade deal - Birmingham bin strikes
    US tariffs – UK-US trade deal

    Rival chipmaker AMD slumped 7.35% after it predicted a $800m (£604m) charge due to its MI308 also needing a licence.

    Dutch firm ASML, which makes hardware essential to chip manufacturing, fell more than 5% after it missed order expectations and said US tariffs created uncertainty.

    The losses filtered into the tech-dominated Nasdaq index, which recovered slightly to end 3% down, while the larger S&P 500 fell 2.2%.

    Such losses would have been among the worst in years were it not for the turmoil over recent weeks.

    It comes as China remains the focus of Donald Trump‘s tariff regime, with both countries imposing tit-for-tat charges of over 100% on imports.

    The US Commerce Department said in a statement it was “committed to acting on the president’s directive to safeguard our national and economic security”.


    Additional sources

    Fed chair says Trump tariffs could make inflation worse as US stocks slide further – The Guardian

    US markets fall as AI chipmakers mourn new restrictions on China exports – Sky News

    Stock Market News, April 16, 2025: Nasdaq Slides 3% After U.S. Tightens Curbs on Nvidia’s China Exports – WSJ

    US stock markets experienced substantial losses, particularly in AI chipmakers like Nvidia and AMD, which plummeted after new export restrictions to China were announced.
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    Huddersfield man who stabbed 16-year-old Syrian refugee after he brushed past his girlfriend found guilty of murder

    Huddersfield man who stabbed 16-year-old Syrian refugee after he brushed past his girlfriend found guilty of murder

    Madeleine McCann’s sister tells trial of ‘creepy’ messages from woman claiming to be missing girl as it happened

    Madeleine McCann’s sister tells trial of ‘creepy’ messages from woman claiming to be missing girl as it happened

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