Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025.Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump's sweeping tariff plans could hamper demand and growth.Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the governm ...