Nvidia and other chip stocks tumble on report the Biden administration is weighing tighter China trade restrictions
Chipmakers' stocks fell Wednesday morning after reports that the US is considering tighter trade restrictions on China.
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- Nvidia fell over 6% Wednesday as the US weighs heavier controls on China's access to chips.
- TSM and ASML also fell, tumbling more than 7% and 10%, respectively.
- The US hopes tighter restrictions on China will encourage other countries to follow suit.
Chip stocks tumbled on Wednesday, with shares of semiconductor...
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