China Discourages Local Companies from Buying Nvidia (NASDAQ:NVDA) Chips

China Discourages Local Companies from Buying Nvidia (NASDAQ:NVDA) Chips

Shares of Nvidia (NVDA) closed down 2% on Sept. 27 after media reports surfaced that China’s government is discouraging domestic companies from buying Nvidia’s microchips and processors. Bloomberg News, and other media outlets, are reporting that government officials in Beijing are calling on Chinese businesses to source artificial intelligence (AI) microchips produced within China, and…

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