U.S. senators, led by Jim Banks and Elizabeth Warren, urged the Commerce Department to suspend export licences allowing Nvidia Corp. (NASDAQ:NVDA) to sell advanced AI chips to China and Southeast Asia after a smuggling case involving Super Micro Computer, Inc. (NASDAQ:SMCI) co-founder Yih-Shyan Liaw.
Lawmakers said the alleged diversion of chips raises serious national security concerns and questioned prior assurances from Nvidia CEO Jensen Huang, the Financial Times reported on Tuesday. Nvidia said compliance remains a “top priority,” while policymakers push for tighter export controls and supply chain monitoring.
Technical Analysis
Nvidia is trading 3.9% below its 20-day SMA and 5.5% below its 100-day SMA, keeping the near-term trend pointed down even as the longer-term structure is still being tested. Shares are …Full story available on Benzinga.com
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