Nvidia stock slumped this week on news that the company is at risk of losing business in China as a result of new regulation.
Nvidia dropped Wednesday morning after the Financial Times reported new restrictions from Beijing.
Drops for Nvidia, Tesla and other former superstars dragged Wall Street lower. The S&P 500 fell 1.1% Wednesday.
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Nvidia shares fell sharply on Wednesday and have lost about a quarter of their value since hitting a record high in January.
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Nvidia (NASDAQ:NVDA) has become the world’s second-largest company by market cap thanks to its explosive AI-driven growth.
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