Nvidia stock sank after a surprise disclosure it would take a hit north of $5 billion following new chip export restrictions.

Nvidia did not warn at least some major customers in advance about new U.S. export rules it was told about a week ago requiring it to obtain licenses to sell its China-focused artificial intelligence chip,

After the Trump administration announced that phones, semiconductors, and computers would be excluded from new tariffs, chipmaker Nvidia (NVDA)