US Stock Market Move | NVIDIA Corporation (NVDA.US) fell more than 3% as Huang Renxun admitted that the US chip restrictions have had a significant impact.

On Thursday, NVIDIA Corporation (NVDA.US) fell more than 3% to $100.58. On the news front, it was reported that NVIDIA Corporation CEO Jensen Huang visited Beijing and met with the founder of the generative artificial intelligence startup DeepSeek, Liang Wenfeng, to discuss designing the next generation of chips for China to meet customer demands and regulatory requirements from both the US and China. In response to the US government's recent restrictions on chip exports to China, Huang admitted that the restrictions have had a significant impact on NVIDIA Corporation, with the Chinese market being particularly crucial for its growth.