Shares of chipmakers, including Nvidia, fell after the US announced new restrictions on exports of AI chips to China. The restrictions, which are stricter than previous ones implemented by the Biden administration, ban the sale of certain Nvidia chips to China. The move is aimed at controlling China's access to computing power and its development of next-generation frontier models, which could be used for military purposes. While Nvidia does not expect an immediate impact on its financial performance, it anticipates a loss in sales in the long run.

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