Asian shares fall as Nvidia, tech firms hit by US controls on AI chips

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Asian shares fall as Nvidia, tech firms hit by US controls on AI chips - Business Standard

Quick Summary:

Chip maker Nvidia's shares fell 6.3 per cent in after-hours trading after it said the US had imposed stricter controls on its exports of one of its computer chips designed for use in artificial intelligence.

World shares were mostly lower on Wednesday as Nvidia and other technology companies were walloped by tighter US controls on exports of advanced computer chips used for artificial intelligence.

Trade war concerns also were revived by a Trump administration announcement of an investigation into imports of critical minerals such as rare earths, which are used in smart phones, electric vehicles and many other products.