NVIDIA DRIVE Thor, the company’s next-generation central computer for autonomous and assisted driving and in-car infotainment, is shown in a distribution image obtained on September 20, 2022.
Nvidia | via Reuters
It is understandable why the US felt the need to act quickly to keep powerful semiconductors out of the hands of the Chinese government. Better to make a move from a position of strength before it’s too late. However, as shareholders of chip stocks, it still hurts. You remember the club holding Nvidia It was hit particularly hard about 2½ months ago when the Biden administration restricted exports to China (NVDA) of the most advanced American-made chips, fearing they would be used for military purposes.