<ul><li>Technology stocks led losses on Wednesday after Nvidia Corp. and Advanced Micro Devices Inc. said President Donald Trump’s administration has curbed the export of its chips to China, while ASML Holding NV offered a disappointing earnings report.</li><li>Nvidia sank as much as 7% after warning it will report around $5.5 billion in related charges during the fiscal first quarter, with AMD down 6.33% as it expects to take a charge of as much as $800 million. ASML plummeted 5.37%.</li><li>The Trump administration put new restrictions on semiconductor exports to China, impacting Nvidia’s H20 chip and AMD’s MI308 products unless the companies secure a license — the latest escalation of Washington’s tech battle with Beijing.</li><li>The developments in the tech sector overshadowed signs that China is willing to negotiate on trade after the nation said it was open to discussions with the White House if its officials rein in disparaging remarks.</li></ul>

Chipmakers Lead Tech Stock Rout As Trump Curbs Exports To China

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